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An investment will pay $ 1290 at the end of each of the next 3 years, $ 1390 at the end of Year 4. $

An investment will pay $ 1290 at the end of each of the next 3 years, $ 1390 at the end of Year 4. $ 1490 at the end of Year 5, and $ 1690 at the end of Year 6. If other investments of equal risk eam 8% annually, what is its present value?

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