What is the present value of twenty cash flow

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Reference no: EM131518070

Question: What is the present value of twenty $500 cash flows that occur at the end of each year for the next twenty years at a periodic interest rate of 7.5% compounded annually? The first cash flow occurs a year from now, the second cash flow occurs two years from now, and the twentieth cash flow occurs twenty years from now.

Reference no: EM131518070

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