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Suppose a 15-year investment generates $2,000 in cash flow at the end of year one. If the cash flows grow at 4 percent per year

Suppose a 15-year investment generates $2,000 in cash flow at the end of year one.

If the cash flows grow at 4 percent per year and the interest rate is 9 percent, what is

the present value of this investment?

$16,121

$20,223

$22.237

$40,047

$40,902

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