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Cash-flow A consists of a level annuity of 3 equal payments of $18,129 starting in year 9 and a lump sum of $186,985 in year

Cash-flow A consists of a level annuity of 3 equal payments of $18,129 starting in year 9 and a lump sum of $186,985 in year 14. If the interest rate is 3.45%, what is the present value of cash-flow A?

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