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If the opportunity cost rate is 7.5 percent, what is the present value of an investment that pays $500 at the end of this year,

If the opportunity cost rate is 7.5 percent, what is the present value of an investment that pays $500 at the end of this year, $400 at the end of the next year, and $300 at the end of the following year? What is the present value if the payments are made at the beginning of each year? (LO 4-3)

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