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Salvatore has the opportunity to invest in a scheme which will pay $5,000 at the end of each of the next 5 years. He must

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Salvatore has the opportunity to invest in a scheme which will pay $5,000 at the end of each of the next 5 years. He must invest $10,000 at the start of the first year and an additional $10,000 at the end of the first year. What is the present value of this investment if the interast rate is 4% ? A. $2,643.73 B. $1,794.06 C. $1,794.06 D. $2,643.73

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