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Assume that general market interest rates are 2% p.a. (annually compounded) You will receive 4 in one year's time and then 104 in two year's
Assume that general market interest rates are 2% p.a. (annually compounded)
You will receive 4 in one year's time and then 104 in two year's time.
What is the sum of the present value of these two cashflows?
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