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How much would an investor be willing to pay today for an investment that returns $1,000 every year at year-end for five years if he

How much would an investor be willing to pay today for an investment that returns $1,000 every year at year-end for five years if he wants to earn a 10% annual return on the investment? Answer $1,000 $3,791 $5,000 $7,700

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