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You are given $10 each year starting next year and finishing in 5 years (t=5). At the end of year 5, you will also get
You are given $10 each year starting next year and finishing in 5 years (t=5). At the end of year 5, you will also get an additional one-time payment of $700 dollars. If the interest rate is 15 percent p.a., what is the maximum price that you would pay for these cash flows?
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