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Joan intend to save her money with the following cashflow: 1. Year 1: usd 11500 2. Year 2: usd 7500 3. Year 3: usd 8000

Joan intend to save her money with the following cashflow:

1. Year 1: usd 11500

2. Year 2: usd 7500

3. Year 3: usd 8000

4. Year 4: usd 16000

5. Year 5: usd 12500

If the expected rate of return is 2% per quarter, how much money will Joan have at the end of 5th year

assuming the amount becomes future value, calculate the present cashflow.

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