Aethelflaed Mercia is interested in valuing a stream of cash flows. What is the present...
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Aethelflaed Mercia is interested in valuing a stream of cash flows. What is the present value of $4,000 per year, at a discount rate of 11 percent, if the first payment is received 8 years from now and the last payment is received 40 years from now? Select one a. $989,294 b. $16,955.42 c. $35,804.20 d. $14,720.08 e. $20,584.49
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