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An investment offers the following cash flows: $102 today, $416 one year from now, $613 in 2 years, and $992 in 3 years. If the

An investment offers the following cash flows: $102 today, $416 one year from now, $613 in 2 years, and $992 in 3 years. If the relevant interest rate is 8% per year (an APR, with interest compounded semiannually), what is the value of the investment 3 years from today?

* DO NOT ROUND INTERMEDIATE VALUES, NO CREDIT WILL BE GIVEN * FINAL ANSWER IN DOLLARS, ROUNDED TO TWO DECIMAL PLACES

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