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An investor pays 500 at time 0 to purchase an investment. In return, he receives a payment of 200 at time 5, a payment of

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An investor pays 500 at time 0 to purchase an investment. In return, he receives a payment of 200 at time 5, a payment of 225 at time 8 and a further payment at time 12. Calculate the AMOUNT of the payment that must be received at time 12 so that the investment will produce a yield of 9% per annum

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