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What is the present value of the following expected payment over the next 3 years: Year 1, $10,000; Year 2, $5,000; Year 3, $8,000. Assume
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What is the present value of the following expected payment over the next 3 years: Year 1, $10,000; Year 2, $5,000; Year 3, $8,000. Assume that the money is invested to earn 6% compounded annually.
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