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You are offered an investment that promises to pay you three payments with each being $5,000. The first payment will occur at the end of
You are offered an investment that promises to pay you three payments with each being $5,000. The first payment will occur at the end of the fourth year. The second will occur at the end of the fifth year, and the third will follow at the end of the sixth year. If you want to make a 10% return from this investment, how much would you like to pay for it today?
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