Question: Question content area top Part 1 Salvatore has the opportunity to invest in a scheme which will pay $ 7 , 5 0 0 at

Question content area top
Part 1
Salvatore has the opportunity to invest in a scheme which will pay $7,500
at the end of each of the next 5 years. He must invest$15,000
at the start of the first year and an additional $15,000
at the end of the first year. What is the present value of this investment if the interest rate is 7%?

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