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What is the present value today of these cash flows

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Question - Please elaborate how to solve for the present value of these cash flows - You are presented with an investment opportunity that will give you the following stream of cash flows: nothing for the next 2 years; at the following year, an amount of $2,000 per year until year 15; and then an amount of $9,000 per year until year 23. If your required rate of return (APR) is 8% compounded annually, what is the present value today of these cash flows?

Reference no: EM132833245

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