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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
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A wealthy relative has offered to finance their neice's veterinary education and practice set up through endofyear payments starting one year from now. The first two payments would be $ and $ in one and two years respectively, and then $ per year after that for years. If the investment requires a return of 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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