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Joey has two securities. Security A will generate $700 at the end of each year from year 3 to year 7. Security B will generate
Joey has two securities. Security A will generate $700 at the end of each year from year 3 to year 7. Security B will generate $800 at the beginning of each year from year 5 to year 11. If the interest rate is 9 percent interest compounded yearly, the present value of Joey's investment is _____.
(Round the answer to the nearest whole dollar.)
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