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An investment offers $3,900 per year for 10 years. Assume the required return is 12 percent. How much is the investment worth today if the

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An investment offers $3,900 per year for 10 years. Assume the required return is 12 percent. How much is the investment worth today if the first payment occurs NOW? (Bonus: 5 points) INSTRUCTION: ROUND ANSWER TO 2 DECIMAL PLACES. POSITIVE NUMBER ONLY, NO S OR % SYMBOL. A/

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