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60. Ambrin Corp. expects to receive $2,000 per year for 10 years starting one year from now, and $3,500 per year for the next 10
60. Ambrin Corp. expects to receive $2,000 per year for 10 years starting one year from now, and $3,500 per year for the next 10 years at the end of each year. What is the approximate present value of this 20-year cash ow? Use an 11% discount rate. D. None of these opons
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