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Alexander is offered an investment that is expected to pay him $ 2 5 0 in one year, $ 5 0 0 the next year,

Alexander is offered an investment that is expected to pay him $

250

in one year, $

500

the next year, $

750

the next year, and $

1, 000

at the end of the fourth year. Alexander can earn

10

percent on similar investments. What is the most Alexander should pay for this investment?

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