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A financial consultant firm has presented you with an investment opportunity that will give you the following stream of cash flows: nothing for the next
A financial consultant firm has presented you with an investment opportunity that will give you the following stream of cash flows: nothing for the next 2 years; starting at the following year, an amount of $2,000 per year until year 15; and after that year, an amount of $9,000 per year until year 20. If your required rate of return (APR) is 10% compounded annually, what is the future value at the end of year 20 of these cash flows?
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