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Consider a series of three payments of $2,000, $3,000, and $3, 500 that occur at t = 1, t = 2, and t = 4,

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Consider a series of three payments of $2,000, $3,000, and $3, 500 that occur at t = 1, t = 2, and t = 4, respectively. Let the annually compounded annual interest rate equal 5%. What is the time value of the stream at t = 5? a $9, 975 b. $8, 900 c. $11, 500 d. $9, 579 e. $6, 346

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