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Compute the present value P corresponding to the following series of positive cash flows, assuming that i=6.1%. Year O: $105 Year 1: $105 Year 2:
Compute the present value P corresponding to the following series of positive cash flows, assuming that i=6.1%. Year O: $105 Year 1: $105 Year 2: $156 Year 3: $156 Year 4: $190 Year 5: $190 Year 6: $246 Year 7: $246
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