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  3. an investment will pay you $500 each year for 5 ye

An investment will pay you $500 each year for 5 years then $300 each year...

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Finance

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An investment will pay you $500 each year for 5 years then $300 each year for 3 years and then the cash flow you receive will decrease 2% per year forever. If your required rate is 7% for the first 7 years and 9% thereafter, what is the value of the investment today? Please enter your answer in dollars to two decimals with no $ sign

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