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The interest rate is 20% p.a. compounded monthly. A project requires an investment of $2,000 today. It pays $500 in 1 month, $400 in 2

The interest rate is 20% p.a. compounded monthly.

A project requires an investment of $2,000 today. It pays $500 in 1 month, $400 in 2 months, $300 in 3 months, and $1000 in 4 months.

The NPV of this project equals $ _____ .

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