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You are to receive $ 4 , 9 0 0 , $ 5 , 5 0 0 and $ 7 , 4 0 0 at

You are to receive $

4, 900,

5, 500

and $

7, 400

at the end of each of the next

3

years. If the market interest rate is

5.40 %,

how much would this payment stream be worth today?

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