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Good Evening, Would you be able to assist with the question below; I am having some difficulty with it. Thank you. An investment will pay
Good Evening,
Would you be able to assist with the question below; I am having some difficulty with it. Thank you.
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 6.5% annually, what is the future value of the investment?
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