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Total Years Cash Flows Assume that an investment has the following pattern of yearly cash lows: Annual Number of Payments 03 $0.00 6-15/ $328.00 10

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Total Years Cash Flows Assume that an investment has the following pattern of yearly cash lows: Annual Number of Payments 03 $0.00 6-15/ $328.00 10 16-17 $0.00 18-25 $485.00 8 28-307 $654.00 31-35 $826.00 5 The appropriate discount rate is a nominal annual rate of 5.30 percent, with daily compounding (you may assume a 360-day year). Determine how much you should be willing to pay for this investment at Year 0. $4,273.00 $4,440.92 $4,112.78 $4,801.54 $4,616.95

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