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What is the present value of a cash flow that begins with $1,000 deposited at the end of year 1 and increases by $80 per
What is the present value of a cash flow that begins with $1,000 deposited at the end of year 1 and increases by $80 per year thereafter through year 10 (the last deposit will be at the end of year 10)? Assume interest is 6% annual rate compounded annually.
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