Determine the fair price of this investment
An investment pays $2,100 per year for first three years, $4,200 per year for the next 8 years, and $6,300 per year the following 12 years. If the discount rate is 8.75% compounding quarterly, determine the fair price of this investment?
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An investment pays $2,100 per year for first three years, $4,200 per year for the next 8 years, and $6,300 per year the following 12 years.
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