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An investment, which is worth 24,500 dollars and has an expected return of 12.2 percent, is expected to pay fixed annual cash flows for a
An investment, which is worth 24,500 dollars and has an expected return of 12.2 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow is expected in 9 years from today. What is the present value of the annual cash flow that is expected in 2 years from today?
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