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Suppose an investment pays $ 4 1 , 9 5 0 per year for the first ten years, $ 5 2 , 7 9 0

Suppose an investment pays $

41, 950

per year for the first ten years, $

52, 790

for the next ten years,

and $

36, 470

for the following ten years

(

all payments are at the end of each year

) .

If the appropriate

annual discount rate is

7.51

percent, what is the value of this investment today?

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