Intro You expect to receive a one-time payment of $1,000 in 7 years and a...
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Intro You expect to receive a one-time payment of $1,000 in 7 years and a second payment of $1,500 in 12 years. The annual interest rate is 7% Part 1 Attempt 1/1 What is the present value of the combined cash flows? Part 2 Attempt 1/1 If you invest the amount that you'll recerve in 7 years, how much money will you have in year 12 (including the cash flow in year 12)
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