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What is the most you would pay today for an investment that is expected to pay out the following cash flows: $4,000 per year for
What is the most you would pay today for an investment that is expected to pay out the following cash flows: $4,000 per year for four years, beginning at the end of four years, followed by $5000 per year for five additional years. You require a return of 10% on an investment such as this.
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