Investments of equal risk-what is its present value

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An investment will pay $240 at the end of each of the next 3 years, $595 at the end of Year 4, $650 at the end of Year 5, and $1,130 at the end of Year 6. If other investments of equal risk earn 11.94% annually, what is its present value?

Reference no: EM131341823

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