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Suppose you have an investment that will pay you $100 after the first year, $100 after the second year and $1100 after the third year.
Suppose you have an investment that will pay you $100 after the first year, $100 after the second year and $1100 after the third year. If the discount rate is 6%, what is the maximum you should pay for this investment? Question 7 options: a) $1,000.00 b) $1,106.92 c) $1,200.00 d) $1,400.00
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