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You have been offered the opportunity to invest in a project that will pay $1,816 per year at the end of years one through three
You have been offered the opportunity to invest in a project that will pay $1,816 per year at the end of years one through three and $6,726 per year at the end of years four and five. The cash flows will be placed in a saving account that pays10.61 percent per year. What is the future value of this cash flow pattern at the end of year five?
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