The following cash inflows are predicted over the next five years: $6,000, $9,000, $12,000, $15,000...
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Accounting
The following cash inflows are predicted over the next five years: $6,000, $9,000, $12,000, $15,000 and $18,000 at the end of years one, two, three, four, and five, respectively.
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Compute the total present value of the five cash flows at the beginning of year one, assuming annual compounding at a 4% interest rate.
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