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Consider the following stream of end of year payments. Year 1 2 3 4 5 Cash Payment $35,000 $50,000 $45,000 $25,000 $15,000 What is the
Consider the following stream of end of year payments.
Year | 1 | 2 | 3 | 4 | 5 |
Cash Payment | $35,000 | $50,000 | $45,000 | $25,000 | $15,000 |
What is the present value of the stream if the interest rate is 6%?
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