An investment will pay $18,000 at the end of the first year, $35,000 at the end of the second

| November 9, 2018

An investment will pay $18,000 at the end of the first year, $35,000 at the end of the second year, and $59,000 at the end of the third year. (Use Table 1) Determine the present value of this investment using a 10 percent interest rate. (Round “PV Factors” to 4 decimal places. Round intermediate calculations and final answer to the nearest whole dollar amount. Omit the “$” sign in your response.) Present value of investment $

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