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Posted on May 18, 2024

Sam will receive a study excellence award of $ 7 7 , 3 9 9 per year at the end of the next 6 years.

Sam will receive a study excellence award of $

77, 399

per year at the end of the next

6

years. Calculate the present value today of Sam's cash flows if the effective annual interest rate is

12 % .

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