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If an investment product promises to pay you $ 1 5 , 0 0 0 at the end of each year for the next three

If an investment product promises to pay you $

15, 000

at the end of each year for the next three years. At the end of the last year, you will also get additional $

30, 000 .

Assume that the annual discount rate is

18 %,

how much is this product worth today?

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