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Present Value of $1 places. 1. What is the total present value of the cash flows received over the five-year period? 2. Could you characterize

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Present Value of $1 places. 1. What is the total present value of the cash flows received over the five-year period? 2. Could you characterize this stream of cash flows as annuity? Why or why not? 3. Use the Present Value of Ordinary Annuity of $1 table to determine the present value of the same stream of cash flows. Compare your results to your answer to Requirement 1 . 4. Explain your findings

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