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What is the present value of end-of-year cash flows of $9,000 per year, with the first cash flow received ten years from today (Year 10)
What is the present value of end-of-year cash flows of $9,000 per year, with the first cash flow received ten years from today (Year 10) and the last one 42 years from today (Year 42)? Assume interest rate of 6%. (Note: This question is worth more)
a. $119,581.50 b. $75,026.91 c. $75,805.66 d. $70,780.11 e. $68,166.62
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