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An investment which is worth $79000 and has an expected return of 12.30 percent, is expected to pay fixed annual cash flows for a given
An investment which is worth $79000 and has an expected return of 12.30 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 5 yrs from today?
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