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Assume that a financial asset gives its owner the following cash flows which are invested using the compound interest method: year zero, 15256 dollars outflow;
Assume that a financial asset gives its owner the following cash flows which are invested using the compound interest method: year zero, 15256 dollars outflow; year one, 42869 dollars inflow; year two, 11933 dollars inflow; year three, 43876 dollars inflow; year four: 15885 dollars inflow. Given that the current yield required for similar financial assets is 5% per year, compute the value of this asset at time 3. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
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