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You have been offered the opportunity to invest in a venture that will pay $5506 per year at the end of years one through three
You have been offered the opportunity to invest in a venture that will pay $5506 per year at the end of years one through three and $5674 per year at the end of years four and five. These cash flows will be placed in a savings account that will pay 7.88 percent per year. What is the future value of this cash flow pattern at the end of year five? Round the answer to two decimal places.
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