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An investment will pay $700 at the end of each of the next 3 years, $800 at the end of Year 4. $900 at the

An investment will pay $700 at the end of each of the next 3 years, $800 at the end of Year 4. $900 at the end of Year 5, and $1100 at the end of Year 6. If other investments of equal risk earn 8% annually, what is its present value

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