Question: Can you please provide a step by step solution on how to get the correct answer please Flag question Question text An investment will pay

Can you please provide a step by step solution on how to get the correct answer please

Flag question Question text An investment will pay $600 at the end of each of the next 2 years, $500 at the end of Year 3, and $600 at the end of Year 4. What is its present value if other investments of equal risk earn 9 percent annually? Select one: C a. $1,316.15 C b. $2,110.09 C c. $1,204.32 C d. $1,866.61 C e. $1,629.38 Feedback The correct answer is: $1,866.61

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