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An investment of $60000 is made at time t=0. The investment yields returns (payments) of $24000 at time t=1, $29000 at time t=3 and $27500

An investment of $60000 is made at time t=0. The investment yields returns (payments) of $24000 at time t=1, $29000 at time t=3 and $27500 at time t=7. Using an annual effective yield rate of i = 6.3%, determine the Net Present Value. Round your answer to the nearest dollar

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