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An investment, which is worth 140,930 dollars and has an expected return of 8.63 percent, is expected to pay fixed annual cash flows for a
An investment, which is worth 140,930 dollars and has an expected return of 8.63 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected later today and the last annual cash flow is expected in 10 years from today. What is the present value of the annual cash flow that is expected in 8 years from today?
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