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Find the above attached question and give the answer properly. 1. An investor expects a perpetual sum of 40,000 annually from her investment on a

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Find the above attached question and give the answer properly.

1. An investor expects a perpetual sum of 40,000 annually from her investment on a scheme. However, the cash flow will start from the fifth year onward. What is the present value of such stream of payments if interest rate is 8% per annum? Marks: 2

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