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3) Rich is evaluating an investment that will provide the following returns at the end...

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Finance

3) Rich is evaluating an investment that will provide the following returns at the end of each of the following years: Years 1-3: $14,000 Years 4-5: $0 Years 6-10: $20,000 Rich believes he should earn an annual return of 8 percent on this investment. How much should he be willing to pay for this investment?

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