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What is the annual cash flow

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Mr Borja invested in a 15-year security which has a price of P500. The security pays P65 at the end of the next 5 years and then it pays a different fixed cash flow amount at the end of each of the following 10 years. Interest rates are 9%. What is the annual cash flow that Mr. Borja will enjoy between years 6 and 15?

Reference no: EM132406597

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