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Suppose you are going to receive $ 35,000 per year for 18 years at the beginning...

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Finance

Suppose you are going to receive $ 35,000 per year for 18 yearsat the beginning of each year. Compute the present value of thecash flows if the appropriate interest rate is 14 percent. Round ittwo decimal places, and do not include the $ sign, e.g.,123456.78.

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Solution The present value of the cash    See Answer
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Transcribed Image Text

Suppose you are going to receive $ 35,000 per year for 18 yearsat the beginning of each year. Compute the present value of thecash flows if the appropriate interest rate is 14 percent. Round ittwo decimal places, and do not include the $ sign, e.g.,123456.78.

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