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Judith would like to receive $ 5 0 , 0 0 0 each year for the next 5 years ( first payment at the end

Judith would like to receive $50,000 each year for the next 5 years (first payment at the
end of year 1). Then she hopes to receive $75,000 per year (starting at the end of year 6)
for an additional 5 years. In total 10 payments. Assume an interest rate of 5%.
i. Find the present value of this cash flow stream.
(5 marks)
ii. Find the future value of this cash flow stream.
(5 marks)
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