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What is the value of a building that is expected to generate fixed annual cash flows of $3,439.00 every year for a certain amount of
What is the value of a building that is expected to generate fixed annual cash flows of $3,439.00 every year for a certain amount of time if the first annual cash flow is expected in 3 years and the last annual cash flow is expected in 12 years and the appropriate discount rate is 4.30 percent?
A- $22231.21 (plus or minus $10)
B-$25262.16 (plus or minus $10)
C- $23187.15 (plus or minus $10)
D- $24220.67 (plus or minus $10)
E- None of the above is within $10 of the correct answer
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