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Question #1 and #2 use the following setup: You have just received a windfall from an investment project. It will be paying you $15,000 at
Question #1 and #2 use the following setup: You have just received a windfall from an investment project. It will be paying you $15,000 at the end of the first year, $25,000 at the end of the second year, and $35,000 three years from today. The interest rate is 3.5% per year. What is the present value of your windfall?
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