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only use the interest compounding method (not the simple method) Assume that a financial asset gives its owner the following cash flows which are invested
only use the interest compounding method (not the simple method) Assume that a financial asset gives its owner the following cash flows which are invested using the compound interest method: year zero, 11,671 dollars outflow; year one, 47,860 dollars inflow; year two, 17,998 dollars inflow; year three, 51,909 dollars inflow; year four: 16,717 dollars inflow. Given that the current yield required for similar financial assets is 5% per year, compute the value of this asset at time 3 taking into account past and future cash flows. (note: round your answer to the nearest cent and do not include spaces, currency signs, or commas)
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