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The Life Trust Co. purchased an investment that will pay $5,000 every year starting at the end of year 5. Every year thereafter, the payment

The Life Trust Co. purchased an investment that will pay $5,000 every year starting at the end of year 5. Every year thereafter, the payment will decrease by 1.25 percent. What is the value of this investment if the required rate of return is 8.3 percent?

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