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Question 24 (3.4 points) John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are

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Question 24 (3.4 points) John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are expected to be as follows: Year WN End of Year Cash Flow $506 $513 $572 $?? $576 Note that the cash flow in year 4 is missing. Determine the Year 4 missing cash flow that will make the present value of this series equal to the amount John invested (that is, CFO = -2250)? Round your answer to 2 decimal places and record your answer without a dollar sign and without commas. Your Answer Answer Previous Page Next Page Page 24 of 30 Submit Qulz 11 of 30 questions saved Question 14 (3.3 points) Assume you are to receive a 10-year annuity with annual payments of $ 344. The first payment will be received today (that is, at t = 0) and the last payment will be received at the end of Year 9 (that is, at t = 9). You will invest each payment in an account that pays 13 percent. What will be the value in your account at the end of Year 20? (Round your answer to two decimal places and record without a dollar sign and without commas). Your Answer: Answer Previous Page Next Page Page 14 of 30 Submit Quiz 11 of 30 questions saved

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