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Exercise 5. A company invests USD 32,000 every year for 5 years to purchase for software maintenance. The investment will be compounded at an annual

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Exercise 5. A company invests USD 32,000 every year for 5 years to purchase for software maintenance. The investment will be compounded at an annual interest rate of 5% per annum. The initial investment will be made now, and thereafter, at the beginning of every year. What is the FV of the CF payments

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