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Joe promises to pay you $100 a year for 5 years. In addition, he promises to pay you an additional $300 at the end of

Joe promises to pay you $100 a year for 5 years. In addition, he promises to pay you an additional $300 at the end of 5 years. If your opportunity cost is 7%, what is the most you would pay Joe today in return for these promised cash flows

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