Order to receive the string of payments

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The nominal interest rate is 5%, compounded yearly. How much would you have to pay today in order to receive the string of payments 3,5,-6,5, where the it payment is to be received i years from now, i=1,2,3,4. (The payment -6 means that you will have to pay 6 three years from now.)

Reference no: EM13874597

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