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You expect the following future cash flows: $11,000 at the end of year 1, $12,100 at the end of year 2, nothing at the end
You expect the following future cash flows: $11,000 at the end of year 1, $12,100 at the end of year 2, nothing at the end of year 3 and $14,641 at the end of year 4. What is the present value of this series of payments at 8% interest?
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