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2 6 . Given a stream of positive payments of $ 7 8 0 0 every other year forever, with the first payment occurring one
Given a stream of positive payments of $ every other year forever, with the first payment occurring one year from today t and an interest rate of percent compounded daily days per year
a Draw the monetary flow diagram associated with the stream of payments.
b Determine the present value today of the stream of payments:
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