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Five months from today your company will begin receiving cash flows of $10,000 paid every eight months. The last of these $10,000 flows will occur
Five months from today your company will begin receiving cash flows of $10,000
paid every eight months. The last of these $10,000 flows will occur 69 months from
today. Calculate the present value (value
today, time 0) of these cash flows. The
discount rate provided to you by your accountant is 5% per year compounded quart
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