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Your thrift account is expected to generate a $2,000 profit at the end of year 1, and profit will increase by 8% per year through

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Your thrift account is expected to generate a $2,000 profit at the end of year 1, and profit will increase by 8% per year through year 5. If you can earn 12% annual interest compounded annually, what is the present value of all your profits over the next 5 years? SHOW A "ROUGH" CASH FLOW DIAGRAM (5 pts)

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