Question: Problem 1 An asset promises to pay you five annual payments of $5,000 with the first payment beginning five years from today. If you value

Problem 1 An asset promises to pay you five annual payments of $5,000 with the first payment beginning five years from today. If you value this asset using a discount rate of 14% per year, what is the value you place on the asset? Your final answer should be accurate to the penny. Show your work!

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