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You are offered an investment that will make three payments. The first payment of $6,600 will occur four years from today. The second of $7,700
You are offered an investment that will make three payments. The first payment of $6,600 will occur four years from today. The second of $7,700 will occur in five years, and the third of $8,800 will follow in seven years. If you can earn 8.3% percent, what is the most this investment is worth today?
a. $9,986.60
b. $14,643.70
c. $13,975.22
d. $10,592.54
c. $15,001.95
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