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You are buying an investment product that costs $50,000 today. The annual interest rate is 5% and the investment period is 3 years. The investment
You are buying an investment product that costs $50,000 today. The annual interest rate is 5% and the investment period is 3 years. The investment will repay you $15,000 at the end of year 1 and $10,000 at the end of year 2. Based on economic equivalent value of the investment, how much should you receive at the end of year 3? Round the answer to the nearest integer.
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