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Assuming an interest rate of 10 percent, calculate the present value of the following streams of yearly payments: a. $1,000 per year forever, with the

Assuming an interest rate of 10 percent, calculate the present value of the following streams of yearly payments:

a. $1,000 per year forever, with the first payment one year from today.

b. $500 per year forever, with the first payment two years from today.

c. $2,420 per year forever, with the first payment three years from today.

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