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Calculate the present value of these future cash flows

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Problem 1: You have made an investment and you expect that in 4-years time you will receive the first return of $15,000. You expect to receive a further $15,000 per year for another 4 (a total of 5 years of cash flows). Calculate the present value of these future cash flows. Assume a discount rate of 5%. Round your final answer to the nearest dollar

Reference no: EM132856749

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