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Calculate the net present value of an investment that requires an initial outlay of $10,000 and that generates a flow of returns equal to $500
Calculate the net present value of an investment that requires an initial outlay of $10,000 and that generates a flow of returns equal to $500 after the first year, $1,000, $1,500, $2,000 and $6,000 in the respective subsequent years, ($1,000 after second year, $1,500 after the third year, etc.). The annual interest rate is 2%.
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