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Suppose you face the prospect of receiving $1,098 per year for the next 10 years plus an extra $1,031 payment at the end of 10

Suppose you face the prospect of receiving $1,098 per year for the next 10 years plus an extra $1,031 payment at the end of 10 years. Determine how much this prospect is worth today if the required rate of return is 16 percent.

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