An investment will pay 240 at the end of each of the next 3


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?

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Financial Management: An investment will pay 240 at the end of each of the next 3
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