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An investment will pay you $500 at the end of each of the next 2 years, $400 at the end of year 3, $300 at

An investment will pay you $500 at the end of each of the next 2 years, $400 at the end of year 3, $300 at the end of year 4, and $150 at the end of year 5. If other investments of equal risk earn 5.5% annually, what should you be willing to pay for this investment today? Use excel TVM functions to solve.

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