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You made an investment which will pay you $950 per year for the next 11 years. You can earn 8.2% per year on similar investments.

You made an investment which will pay you $950 per year for the next 11 years. You can earn 8.2% per year on similar investments. What is the value of this investment if the first payment made to you is today?

Choices

$6,716.70

$7,085.68

$7,716.70

$7,666.70

None of the above

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