Expected return for the investment

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What is the value of an investment that will pay investors 8,690 dollars per year for 5 years and will also pay investors an additional 9,650 dollars in 3 year(s) from today if the expected return for the investment is 11.15 percent per year and the first annual payment of 8,690 dollars will be paid to investors in exactly one year from today?

Reference no: EM131011406

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