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What is the present value of the following stream of cash flows if the discount rate is 10%? The first payment is $200 payment and
What is the present value of the following stream of cash flows if the discount rate is 10%? The first payment is $200 payment and arrives at time 2. From time 2 through time 6 the payments grow at 6% per year. after time 6 the cash flows grow at 3% forever.
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