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Narelle's superannuation will pay her $1,000 monthly over 15 years, with the first payment to...

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Accounting

Narelle's superannuation will pay her $1,000 monthly over 15 years, with the first payment to be received at the end of the first month. If the current market interest rates are 7% per annum compounded monthly, calculate the present value of the cash flows.

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