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You are offered an investment that will make three $3,000 payments. The first payment will occur five years from today. The second will occur in

You are offered an investment that will make three $3,000 payments. The first payment will occur five years from today. The second will occur in six years, and the third will follow in seven years. If you can earn 9 percent, what is the most this investment is worth today? What is the future value of the cash flows?

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