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Given the following stream of future cash flows and an interest rate of 8 percent, what is its present value? Yr 1 = 5 0

Given the following stream of future cash flows and an interest rate of

8

percent, what is its present value? Yr

1 = 50,

2 = 60,

3 = 75,

4 = 80,

5 = 90 .

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