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Your late Uncle Buck's will entitles you to receive $20,000 cash at the end of every fourth year for the next four decades. The
Your late Uncle Buck's will entitles you to receive $20,000 cash at the end of every fourth year for the next four decades. The first cash flow is scheduled for four years from today. At a 12% compound annual interest rate, what is the present value of this cash flow pattern?
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Intermediate Accounting
Authors: Loren A Nikolai, D. Bazley and Jefferson P. Jones
10th Edition
324300980, 978-0324300987
