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Adam has the opportunity to invest in a scheme which will pay $7000 at the end of each of the next 5 years.

He must invest $15,000 at the start of the first year and an additional $10,000 at the end of the first year. What is the present value of this investment if the interest rate is 3%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92685133

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