An investment pays 1950 per year for the first 3 years 3900, Financial Management

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An investment pays 1950 per year for the first 3 years 3900

An investment pays $1,950 per year for the first 3 years, $3,900 per year for the next 8 years, and $5,850 per year the following 11 years (all payments are at the end of each year).

If the discount rate is 13.00% compounding quarterly, what is the fair price of this investment?

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Financial Management: An investment pays 1950 per year for the first 3 years 3900

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Financial Management: An investment pays 1950 per year for the first 3 years 3900

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