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An investment offers to pay $500 a year forever starting at the end of year 3. If the interest rate is 5%, what is the

An investment offers to pay $500 a year forever starting at the end of year 3. If the interest rate is 5%, what is the investment's value today? (Assume annual compounding)

A) $9,070.29 B) $8,250.00 C) $7,787.71 D) $10,586.87

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