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6 . We expect a cash flow of $ 8 0 , 0 0 0 to be received in 8 5 days. Given a discount

6 .

We expect a cash flow of $

80, 000

to be received in

85

days. Given a discount rate of

5.75 %

per year compounded semi

-

annually, what is the present value of this cash flow?

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