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Payment stream assuming your required rate

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Suppose you wish to receive payments of $1371.2 in one year's time, $685.6 in two years' time, and $6856 in three years' time. What is the cost today of the payment stream assuming your required rate of return is 4.50% p.a.? 

Do your calculations to four decimal places, with two decimal places for your final answer

Reference no: EM131179405

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