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Assume that you currently have $58,543 in the bank. That you are going to receive $627 four times a year unitl the day of your
Assume that you currently have $58,543 in the bank. That you are going to receive $627 four times a year unitl the day of your retirement (30 years from now) that you need to pay $1,459 every year for 45 more years. What is the present value of all these cash flows if the interest rate is 7.07%?
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