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Suppose an investor is offered the following stream of cash flows: $5,200 per year for seven years beginning next year and an unknown amount eight
Suppose an investor is offered the following stream of cash flows: $5,200 per year for seven years beginning next year and an unknown amount eight years from today. If the investor is willing to pay no more than $37,933.03, then the cash flow in year 8 is $_______. Assume a discount rate of 4.00%. 8800 9000 9200 9400 9600
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