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Your investment advisor recommends you the following investment. The investment will pay you every year over the next 15 years. The first payment is $1088

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Your investment advisor recommends you the following investment. The investment will pay you every year over the next 15 years. The first payment is $1088 at the end of this year. The appropriate discount rate is 15%. The payments will grow by 5% every year thereafter. How much would you be willing to pay for this investment today? (Note: retain at least four places of a decimal in your calculation) Select one: O $8100.28 O $6361.94 O $19085.82 O $7835.55 O $10880.00

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