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An investment will make the following payments: Year 1 $50 Year 2 $100 Year 3 $150 Year 4 $200 Year 5 $250 Given a discount

An investment will make the following payments:

Year 1 $50

Year 2 $100

Year 3 $150

Year 4 $200

Year 5 $250

Given a discount rate of 11%, the present value of the investment is closest to:

Group of answer choices

$533

$500

$516

$515

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