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Donovan is saving for retirement. Assume he invests the following cash flows at the beginning of each year: Year 1$26,000 2$20,000 3$16,000 4. $12,000 5.

Donovan is saving for retirement. Assume he invests the following cash flows at the beginning of each year: Year 1$26,000 2$20,000 3$16,000 4. $12,000 5. $14,000 What would be the total future value in year 5 if the required return is 9%

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