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A)i) Consider the following cash flow stream and a bank account paying 3% annual interest. What is the present value?[4%] Year Cashflow 0 8 1

A)i) Consider the following cash flow stream and a bank account paying 3% annual interest. What is the present value?[4%]

Year Cashflow

0 8

1 2

2 4

3 -15

4 16

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