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What is the present value of these payments

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PV of multiple cash flows: Ferris, Inc., has borrowed from their bank at a rate of 8 percent and will repay the loan with interest over the next five years. Their scheduled payments, starting at the end of the year are as follows: $450,000, $560,000, $750,000, $875,000, and $1,000,000. What is the present value of these payments?

Reference no: EM13506525

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