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What is the value of an investment that promises to pay $4000 per year for 10 years, with the first payment three years from today,

What is the value of an investment that promises to pay $4000 per year for 10 years, with the first payment three years from today, if the investor requires a 12 percent return?

-Answer is: $18,017.29

-Can't compute with financial functions on calculator

-With present value on an annuity formula, I always arrive at $18,255.03

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