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You are offered an investment that will make four payments. The first payment is $ 5 0 0 and will occur two years from today.

You are offered an investment that will make four payments. The first payment is $500 and will occur two years from today. The second payment is $600 and will occur three years from today. The third payment is $700 and will occur four years from today. The last payment will occur six years from today and the payment amount is $1000. You can earn 9 percent on very similar investments. What is the most you should pay for this one?

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