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Ambrin Corporation expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receiv $3,500 per year for
Ambrin Corporation expects to receive $2,000 at the end of each year for 10 years. Then the corporation expects to receiv $3,500 per year for the following 10 years, at the end of each year. What is the approximate present value of this 20 -year flow? Use an 8% discount rate. $27,870 $32,389 $24,298 $2,547
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