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An investment offers $9885 per year for 14 years, with the first payment occurring one year from now. If the required return is 8.5 percent, what is the present value of the investment? (Round time value factors to 6 decimal places and final answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456 should be entered as 123456.)

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92297749

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