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An investor receives $ 5 0 per year for 1 9 years as well as $ 1 0 0 in the 2 0 th year.

An investor receives $

50

per year for

19

years as well as $

100

in the

20

th year. If the interest

rate is

5 %

per year, compounded annually. What is the cost of this investment today?

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