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6-5)Assume that you will receive $3000 a year in Years 1 through 4, 52000 in Years 6 through 8, and 5000 in Year 9, with

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6-5)Assume that you will receive $3000 a year in Years 1 through 4, 52000 in Years 6 through 8, and 5000 in Year 9, with all cash flows to be received at the end of the year. If you require a 14 percent rate of return, what is the future value of these cash flows 6-6) You borrow $150,000. You make annual payments at the end of each year) for 8 years. The interest rate is 12%. A) What is your annual payment? B) How much interest do you pay in year 3

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