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Carol Thomas will pay out $16,000 at the end of the year 2, $18,000 at the end of year 3, and receive $20,000 at the

Carol Thomas will pay out $16,000 at the end of the year 2, $18,000 at the end of year 3, and receive $20,000 at the end of year 4. With an interest rate of 14 percent, what is the net value of the payments vs. receipts in today's dollars?

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