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An investment, which is worth 17,000 dollars and has an expected return of 7.96 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow is expected in 8 years from today. What is the present value of the annual cash flow that is expected in 4 years from today?

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Financial Management, Finance

Category:- Financial Management
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