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An investment required an initial cash outlay of $1,000, and produced an annuity of $500 for each of the next two years. The discount rate

An investment required an initial cash outlay of $1,000, and produced an annuity of $500 for each of the next two years. The discount rate is 10 percent. How much must the residual value of the investment be at the end of the two years for the investment to be worth the required $1,000? Please show work if possible

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