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You are valuing an investment that will pay you nothing the first two years, $6,000 the third year, $8,000 the fourth year, $12,000 the fifth
You are valuing an investment that will pay you nothing the first two years, $6,000 the third year, $8,000 the fourth year, $12,000 the fifth year, and $18,000 (all payments are at the end of each year). What is the value of the investment to you now if the appropriate annual discount rate is 13.00%
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