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Your investment advisor recommends you the following investment. The investment will pay you every year for the next 11 years. The first payment ie $1041

Your investment advisor recommends you the following investment. The investment will pay you every year for the next 11 years. The first payment ie $1041 at the end of this year. The appropriate discount rate is 18% the payments will grow by 4% every year after. 



How much would you be willing to pay for the investment today?

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