# 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? Work with 4 decimal places and round your answer to two decimal places. For example, if your answer is$345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.   $18,962.98$24,951.29 $20,460.05$25,450.31 $24,701.77 Question 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?

Work with 4 decimal places and round your answer to two decimal places. For example, if your answer is $345.667 round as 345.67 and if your answer is .05718 or 5.718% round as 5.72.$18,962.98
$24,951.29$20,460.05
$25,450.31$24,701.77

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