Suppose you receive $4,000 every year, starting 6 years from now with final payment 29...
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Finance
Suppose you receive $4,000 every year, starting 6 years from now with final payment 29 years from now. If the interest rate is 5%, what is the present value of your cash flows? (Nearest $0.01)
(Note - If the interest rate compounding is not specified, assume it is an annual interest rate with annual compounding.)
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