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(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $8,000

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(Present value of complex cash flows) How much do you have to deposit today so that beginning 11 years from now you can withdraw $8,000 a year for the next 7 years (periods 11 through 17) plus an additional amount of $16,000 in the last year (period 17)? Assume an interest rate of 11 percent

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