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Calculate the present value of a 2 0 - year income stream of $ 1 0 0 , 0 0 0 a year, assuming a

Calculate the present value of a

20 -

year income stream of $

100, 000

a year, assuming a

6 %

discount rate.

(

Hint: calculate the whole income steam, not just the PV of one year.

)

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