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You expect to receive two cash flows: $33,000 paid in 5 years and $49,500 paid in 10 years. You'll put the money into a savings
You expect to receive two cash flows: $33,000 paid in 5 years and $49,500 paid in 10 years.
You'll put the money into a savings account with an annual interest rate of 7%.
What is the future value of the combined cash flows, in 15 years?
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