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You a reviewing an investment and you expect that in 3-years time you will receive a return of $25,000 and you expect to receive this
You a reviewing an investment and you expect that in 3-years time you will receive a return of $25,000 and you expect to receive this $25,000 per year for another 3 years beyond the first return (a total of 4 years of $25,000 in cash flows). Calculate the present value of these future cash flows. Assume a discount rate of 6%. Round your final answer to the nearest dollar.
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