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He estimates his gross pay eah year for the next 3 years

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Joseph has just accepted a job as a stockbroker. He estimates his gross pay eah year for the next 3 years is $35.00 in 1 year, $21,000 in year 2, and $32,000 in year 3. What is the present value of these cash flows if they are discounted at 4%?

Reference no: EM13573082

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