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Use the Present Value of $1 table to determine the present value of $1 received one year from a. What is the total present value
Use the Present Value of $1 table to determine the present value of $1 received one year from a. What is the total present value of the cash flows received over the five-year now. Assume a 14% interest rate. Use the same table to find the present value of $1 received two years from now. Continue this process for a total of five years. b. Could you characterize this stream of cash flows as an annuity? Why or why (Click the icon to view the present value factor table.) not? (Click the icon to view the present value annuity factor table.) c. Use the Present Value of Annuity of $1 table to determine the present value of the same stream of cash flows. Compare your results to your answer to Part A
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