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An investment pays $150 annually, forever, starting 10 years from now (at t = 10). The effective annual rate of interest is 2.8%. Find the

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An investment pays $150 annually, forever, starting 10 years from now (at t = 10). The effective annual rate of interest is 2.8%. Find the PV of this investment at time 0. Possible Answers 3805 B 3911 4064 D 4178 E 4295

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