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Term in years: 1 2 3 4 5 Rate: 1.8% 2.25% 2.30% 2.66% 3.13% The table above shows the interest rates available from investing in

Term in years:

1

2

3

4

5

Rate:

1.8%

2.25%

2.30%

2.66%

3.13%

The table above shows the interest rates available from investing in risk-free U.S. Treasury securities with different investment terms. What is the present value (PV) of cash flows from an investment that yields$7,000 at the end of each year for the next four years?

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