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An investment will pay $100 at the end of each of the next 3 years, $300 at the end of year 4, $500 at the

An investment will pay $100 at the end of each of the next 3 years, $300 at the end of year 4, $500 at the end of Year 5, and $300 at the end of Year 6. If other investments of equal risk earn 8% annually, what is this investment's present value?

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