An investment pays 2600 per year for the first 4 years-


An investment pays $2,600 per year for the first 4 years,

$5,200 per year for the next 6 years,

and $7,800 per year the following 7 years (all payments are at the end of each year).

If the discount rate is 10.25% compounding quarterly, what is the fair price of this investment?

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Financial Accounting: An investment pays 2600 per year for the first 4 years-
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