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You are considering an investment that will pay you $ 1 , 3 9 0 in one year, $ 2 , 3 0 0 in

You are considering an investment that will pay you $

1, 390

in one year, $

2, 300

in two years and $

3, 661

in three years. If you want to earn

12 %

on your money, how much will you be willing to pay?

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