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You are offered an investment that will make 3 payments. The first payment of $4800 will occur four years from today. The second of $5900
You are offered an investment that will make 3 payments. The first payment of $4800 will occur four years from today. The second of $5900 will occur in 5 years, and the third of $7000 will follow in 7 years. If you can earn 10.5%, what is the most this investment is worth today?
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