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You invest in a stock that is expected to pay dividends each year. You anticipate receiving $ 5 5 0 at the end of the

You invest in a stock that is expected to pay dividends each year. You anticipate receiving $550 at the end of the first year, $600 at the end of the second year, $650 at the end of the third year, and $700 at the end of the fourth year in the form of annual dividends. With an annual interest rate of 8 percent, what is the future value of these dividends?
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a. $2,162.88
b. $1,589.78
c. $1,734.02

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