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6. You expect to receive $5,000 three years from now, at which point you invest the money and earn 4% interest compounded annually. How much

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6. You expect to receive $5,000 three years from now, at which point you invest the money and earn 4% interest compounded annually. How much would you have in year 20? 3 yrs 20 yrs $5,000 ??? 7. You receive $500 in year 5; $600 in year 7; and $1,000 in year 10. What is the present value of these cash flows assuming a 6% interest rate (compounded annually)

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