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Posted on Aug 19, 2024

Suppose that you will receive annual payments of $ 1 3 , 0 0 0 for a period of 1 0 years. The first payment

Suppose that you will receive annual payments of $

13, 000

for a period of

10

years. The first payment will be made

7

years from now. If the interest rate is

7 %,

what is the present value of this stream of payments?

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