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An investment pays $1500 every three years with the first payment starting one year from now (i.e., second payment is on t=4). If effective two

An investment pays $1500 every three years with the first payment starting one year from now (i.e., second payment is on t=4). If effective two year rate on this project is 10%, estimate the present value of the investment.

A. $9,151

B. $9,350

C. $9,766

D. $10,742

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