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  3. you are to receive $0 at the end of year one, $30

You are to receive $0 at the end of year one, $30 at the end...

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Finance

You are to receive $0 at the end of year one, $30 at the end of year two, and $20 each year thereafter, forever. If the interest rate is 5%, what is the present value of these cash flows at time period zero? You must show all your work for credit.

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