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Sarah Cooper expects to receive $2,000 from her brother at the end of each year for the next 10 years. After that, he will pay
Sarah Cooper expects to receive $2,000 from her brother at the end of each year for the next 10 years. After that, he will pay her $3,500 per year for the following 10 years. Using an 8% discount rate, what is the present value of the total 20-year cash flow?
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