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An investmet will pay you $50 at the end of every six months for 17 years. At the end of the 17 years, the investment

An investmet will pay you $50 at the end of every six months for 17 years. At the end of the 17 years, the investment will pay you an additional $1000 along with the last regular $50 payment. What is the fair market value of the investment if the prevailing rate of return ion similar investments is 4.5% compounded semi-annually? (Ans. $1648.64)

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