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You are valuing an investment that will pay you $12,000 the first year, $14,000 the second year,$17,000 the third year, $19,000 the fourth year, $23,000

You are valuing an investment that will pay you $12,000 the first year, $14,000 the second year,$17,000 the third year, $19,000 the fourth year, $23,000 the fifth year, and $29,000 the sixth year (allpayments are at the end of each year). What it the value of the investment to you now is the appropriateannual discount rate is 11.00%

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