Each year, for the foreseeable future, you will recieve a payment of $160, with the...
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Each year, for the foreseeable future, you will recieve a payment of $160, with the first payment today. In addition, you will receive single payment of $9,479 8 years from today. If the appropriate discount rate for these cash flows is 7.6%, what is the present value of these cash flows? Show all calculations.
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