Compute the present value of the cash flows

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Suppose you are going to receive $17,000 per year for 7 years at the beginning of each year; thus you receive the first payment today. Compute the present value of the cash flows if the appropriate interest rate is 11 percent. Round it two decimal places, and do not include the $ sign, e.g., 123456.78.

Reference no: EM131840114

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