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An investment, which is worth 10,500 dollars and has an expected return of 16.83 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected

An investment, which is worth 10,500 dollars and has an expected return of 16.83 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow is expected in 7 years from today. What is the present value of the annual cash flow that is expected in 5 years from today?

Jul 14 2021 View more View Less

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