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An investment offers $3820 per year for 8 years, with the first payment occurring 12 years...

An investment offers $3820 per year for 8 years, with the first payment occurring 12 years from fringe now. if the required return is 7 percent, what is the value of the investment?

The correct answer is 10,837.04 Looking for an explanation on how to solve, please.

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