What is the fair price of this investment

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An investment pays $2,000 per year for the first 4 years, $4,000 per year for the next 4 years, and $6,000 per year the following 10 years (all payments are at the end of each year). If the discount rate is 11.25% compounding quarterly, what is the fair price of this investment?

Reference no: EM131472944

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