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2- Determine the present value in year 0 of the cash flows in the table below using a periodic interest rate of 5% compounded annually.

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2- Determine the present value in year 0 of the cash flows in the table below using a periodic interest rate of 5% compounded annually. Year 5 6 7 8 9 Receipts ($) 6,000 6,000 6,000 6,000 6,000

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