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What is the present value of a payment plan which is paying nothing from t=0 to t=4, then paying 10000 at t=5, 11000 at t=6
What is the present value of a payment plan which is paying nothing from t=0 to t=4, then paying 10000 at t=5, 11000 at t=6 and 12000 at t=7, if the effective annual rate is 11% Ans is 17595.46
I need explanation how, please write all the formulas you use and explain all details.
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