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You are considering the following investment opportunity: Starting 3 years from today, you will receive $1500 each year for 9years. If the market interest rate

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You are considering the following investment opportunity: Starting 3 years from today, you will receive $1500 each year for 9years. If the market interest rate is 4%, calculate the present value of this investment. The present value of this investment is $ (round the answer to two decimal places)

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