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You assume that books for the next four years will cost $579 in one year, $553 in two years, $817 in three years, and $357
You assume that books for the next four years will cost $579 in one year, $553 in two years, $817 in three years, and $357 in four years when you really don't care anymore. At a discount rate of 5.0%, what is the present value of all four cash flows combined? |
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