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Please provide explanation and equation. You have been offered the opportunity to invest in a project that will pay $2,415 per year at the end
Please provide explanation and equation.
You have been offered the opportunity to invest in a project that will pay $2,415 per year at the end of years one through three and $3,721 per year at the end of years four and five. These cash flows will be placed in a saving account that pays 12.80 percent per year. What is the future value of this cash flow pattern at the end of year five?
Round the answer to two decimal places.
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