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What is the present value of a cash flow stream consisting of $1,000 a year for 7 years starting 1 year from now (starts at

What is the present value of a cash flow stream consisting of $1,000 a year for 7 years starting 1 year from now (starts at End-of-Year 1), using the interest rate of 8%? $3,993 $5,206 $7,000 $4,623 $3,312

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