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What is the present value of a growing cash flow that starts at $50 five years from now and grows at a 6% rate thereafter?
What is the present value of a growing cash flow that starts at $50 five years from now and grows at a 6% rate thereafter? Assume a discount rate of 7%. The first payment of $50 comes five years from now: (Hint: Be careful with the timing. The first payment is not in one year!) $5,000 $3,814.48 $3.564.9 $3,600
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