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You have been offered the opportunity to invest in a project that will pay $1,000 per year at the end of years 1 through 10
You have been offered the opportunity to invest in a project that will pay $1,000 per year at the end of years 1 through 10 and 2,000 per year at the years 21 through 30. If the appropriate discount rate is 8%, what is the total present value of this investment?
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