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You plan to make a series of deposits in an account. You will deposit $1,000 today, $2,000 in two years and $2,000 in five years.

You plan to make a series of deposits in an account. You will deposit $1,000 today, $2,000 in two years and $2,000 in five years. If you withdraw $1,500 in three years and $1,000 in seven years, assuming no withdrawal penalties, what is the present value of these cash flows if the interest rate is 7% p.a.?

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