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#1 Help Me ! » Compound Interest » 2005-11-13 09:41:44

Nick014
Replies: 5

Im having issues with this compund interest problem.

A person will receive $5000 now, $5000 three years from now, and $5000 four years from now.  If you assume a annual interest rate of 6%, what is the total present value of this cash flow?

Thanks in advance.

-Nick

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