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An investment pays you every year forever and the payments increase by 5 % per year. The first payment of $ 2 5 will be

An investment pays you every year forever and the payments increase by 5% per year. The first payment of $25 will be a year from now. If the appropriate rate of return is 10%, what is the present value of the investment?
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$450
$525
$50
$500

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