What is the value of the following cash flows in year 6? What is the...
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What is the value of the following cash flows in year 6? What is the value today? Assume interest rates today are 6.5%, then rates will be 6.25% for the next 4 years, 3.75% for the next 3 years, 5.3% for the next 4 years, and 3.75% thereafter.
year cashflow
6 5,675
8 9,725
10 6,750
17 11,750
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