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It is estimated that a plantation can generate IDR 150,000,000 every year for the next 10 years and then the land gets sold for IDR

It is estimated that a plantation can generate IDR 150,000,000 every year for the next 10 years and then the land gets sold for IDR 100,000,000 at that time. If the interest rate estimated at 8%, determine the present value of the estate.

Hint : IDR 1,052,831,559

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