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Steve expects to have an expense of 31,662 dollars one year from now, a receivable of 11,577 dollars two years from now, and an expense
Steve expects to have an expense of 31,662 dollars one year from now, a receivable of 11,577 dollars two years from now, and an expense of 13,881 dollars three years from now. Compute the present value of these future cash flows if the market interest rate is expected to remain at 6 % per year. (note: round your answer to the nearest cent, and do not include spaces, currency signs, plus or minus signs, or commas) only use the interest compounding method (not the simple method)
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