2. Suppose I promise to pay you 5 payments as follows: $12,000 to be received...
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Accounting
2. Suppose I promise to pay you 5 payments as follows: $12,000 to be received 7 years from today, and 4 additional subsequent annual payments that grow at 4% per year thereafter. If the interest rate is 8.25%, what is this stream of cash flows worth to you today?
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