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What is the present value of these cash flows

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Question - Assume that you will receive $3,000 a year in Years 1 through 5, $4,000 a year in Years 6 through 9, and $2,000 in Year 10, with all cash flows to be received at the end of the year. If you require a 12 percent rate of return, then what is the present value of these cash flows?

Reference no: EM133162889

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