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Your rich uncle just died and left you a nice gift in his will. You will receive $10,000 per year for five years starting next

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Your rich uncle just died and left you a nice gift in his will. You will receive $10,000 per year for five years starting next year. Eight years after that finishes, you will receive $5,000 per year for ten years. Interest rates are 3%. What is the present value of this gift? State all assumptions and show all work! 10000/1.03 + 10000/ 1.03^7 +10000/1.03^8 +10000/1.03^4 +10000/1.03 + 5 +5000/1.03^10 + A Question 8 (8 points) You have an automatic stipend set up with your bank, where you will receive $160 per quarter for the next six years. If annual interest rates are 6.5%, what is the present value of this stipend

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