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An investment offers $10,508 per year for 22 years, with the first payment occurring 7 years from now. If the required return is 6 percent,

An investment offers $10,508 per year for 22 years, with the first payment occurring 7 years from now. If the required return is 6 percent, what is the value of the investment?

10,508 * 1-(1/1.06)^? is it 22, 7, or 6? No idea

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