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you are considering an investment that is expected to pay 5 percent in year 1 , 7 percent in years 2 and 9 percent in

you are considering an investment that is expected to pay

5

percent in year

1, 7

percent in years

2

and

9

percent in year

4 .

If you invest $

2, 000

today, what will this investment be worth after the fourth year?

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