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You will receive R5 000 at the end of each year for the next five years. Assuming the investment rate is 8%, what is the

You will receive R5 000 at the end of each year for the next five years. Assuming the investment rate is 8%, what is the present value of the cash flows you will receive? (Due to rounding your answer may differ slightly. Choose the nearest answer then).

A. R3 405

B. R19 965

C. R7 347

D. R29 333

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