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What is the value of an investment that pays $40,000 every other year, forever, if the first payment is made four years from today and

What is the value of an investment that pays $40,000 every other year, forever, if the first payment is made four years from today and the discount rate is a 7% annual rate, compounded daily? a) $250,626 b) $285,714 c) $254,948 d) $231,433

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