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An investment promises to pay me 1,000 in one year, and in each subsequent year the cash flow received will grow by 5%. There is

An investment promises to pay me 1,000 in one year, and in each subsequent year the cash flow received will grow by 5%. There is no maturity date on this investment. What is this investment worth today to an investor with a 13% required rate of return? 12,500 5,555 7,692 20,000

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