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What is the present value (PV) of an investment that will pay $300 in one years time, and $300 every year after that, when the

What is the present value (PV) of an investment that will pay $300 in one years time, and $300 every year after that, when the interest rate is 4%?

a. $7,500

b. $6,000

c. $3,750

d. $4,500

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