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An investment pays $2,200 per year for the first 7 years, $4,400 per year for the next 6 years, and $6,600 per year the following

An investment pays $2,200 per year for the first 7 years, $4,400 per year for the next 6 years, and $6,600 per year the following 7 years (all payments are at the end of each year). If the discount rate is 9.90% compounding quarterly, what is the fair price of this investment? Work with 4 decimal places and round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.

Group of answer choices

A. $26,802.19

B. $34,376.72

C. $29,132.82

D. $23,597.58

E. $25,345.55

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