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An investment is expected to pay $12,000 at the end of this year. Then the end-of-year payment is expected to increase 8% per year for

An investment is expected to pay $12,000 at the end of this year. Then the end-of-year payment is expected to increase 8% per year for 2 more years. What would the present value of this investment be if the discount rate is 10%.

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-$32,135.84

-$33,232.51

-$34,415.27

-$38,956.80

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