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An investment promises to pay you $3,000 one year from now, $4,000 two years from now and $5,000 three years from now. If you think

An investment promises to pay you $3,000 one year from now, $4,000 two years from now and $5,000 three years from now. If you think that a 7% return would be appropriate for this investment, how much should you be willing to pay for it?

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