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What is the value in 5 years of the following cash flow stream? Assume the cash flows are deposited (end of year) in an account that pays 5.1% annual return.
If using formulas to solve this problem, do not round intermediate value.
Note: no cash flow occurs in year 3
Cash flow year 1: $550
Cash flow year 2: $425
Cash flow year 4: $480
Enter your answer as a number with two decimal places of precision (no commas, no dollar signs)
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