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What is the present value of a constant stream of $5,000 monthly cash flows with the first cash flow to be paid in 6 months,

What is the present value of a constant stream of $5,000 monthly cash flows with

the first cash flow to be paid in 6 months, and the final cash flow to be paid in 32

months? Assume interest rates are 8% p.a. compounded monthly

$114,788

$102,777

$119,148

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