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Suppose you expect to receive periodic payments of $1,500 at the end of 3, 5, 7, and 10 years from today? What is the present
Suppose you expect to receive periodic payments of $1,500 at the end of 3, 5, 7, and 10 years from today? What is the present value of this sequence of payments? The appropriate discount rate is 5% per year.
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