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You deposit $ 1 , 5 0 0 in one year, $ 2 , 0 0 0 in two years and $ 2 , 5

You deposit $

1, 500

in one year, $

2, 000

in two years and $

2, 500

in three years in an account paying

10 %

interest per annum. What is the present value of these cash flows?

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