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Question 5 , Instructor - created question A wealthy relative has offered to finance their neice's veterinary education and practice set up through 1 5

Question 5, Instructor-created question
A wealthy relative has offered to finance their neice's veterinary education and practice set up through 15 end-of-year payments starting one year from now. The first two payments would be $26,000 and $22,000 in one and two years respectively, and then $17,000 per year after that for 13 years. If the investment requires a return of 8.8%, what is the present value of this stream of cash flows?
What is the present value of this stream of cash flows?
(Round to the nearest cent.)
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