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Sam is looking to purchase of an investment with a three-year life. One potential option promises a payment of $2.500 next year and the payments

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Sam is looking to purchase of an investment with a three-year life. One potential option promises a payment of $2.500 next year and the payments are expected to grow at 6% per year for the subsequent two years. If Sam's required return on the investment is 5%, what should he be willing to pay for this investment? $7,959.00$6,875,28$6,682.53$7,211.10

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