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1. Determine the present value in year 0 of the cash flows in the table below using a periodic interest rate of 10% compounded annually.

1. Determine the present value in year 0 of the cash flows in the table below using a periodic interest rate of 10% compounded annually. Year 1 2 3 4 5 Receipts ($) 4,000 6,000 6,000 4,000 6,000

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