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b 1 pts Five years from today you will receive $2,000. Following that, you will continue to receive $2,000 payments every year. These cash flows
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1 pts Five years from today you will receive $2,000. Following that, you will continue to receive $2,000 payments every year. These cash flows will continue forever. If the appropriate annual rate of return is 6%, how much should you be willing to pay for these cash flows today assuming annual compounding? Round only your final answer to the nearest dollar. $26,403 $24.909 O $33,333 O $23,499 O None of the above are correct Step by Step Solution
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