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Given the following two sets of cash flows: Option A: $22,865.76 in 6 years plus $Y in 14 years time. Option B: $38,486.73 8 years
Given the following two sets of cash flows: Option A: $22,865.76 in 6 years plus $Y in 14 years time. Option B: $38,486.73 8 years from today. The nominal rate i(26) = 2.055% makes the present value of these two options the same. What is the value of Y
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