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Suppose you deposit $643 five years from today and each year thereafter deposit $643 for a total often consecutive cash flows (CF's); i.e. ten consecutive

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Suppose you deposit $643 five years from today and each year thereafter deposit $643 for a total often consecutive cash flows (CF's); i.e. ten consecutive annual CF's beginning five years (t = 5) from today. Calculate the present value today (t = 0) of these CF's if the rate of interest is 3, 6-percent compounded annually

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