Assume that you have 6000 in the bank and that you are, Ask an Expert

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Assume that you have $6,000 in the bank, and that you are going to receive $1,500 three times a year until the day of your retirement (20 years from now). You also need to pay $900 every year for 6 more years (Student loans). You know from your retirement that you will receive deposits of $12,000 annually for 20 years after you retire. What is the present value of all of these cash flows if the annual interest rate is 12%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92766627

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