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Assume that you have $96,000 in the bank, that you are going to receive $1600 three times a year until the day of your retirement (20 years from now). You also need to pay $1700 every year for 96 more years (Student loans). You know from your retirement that you will receive deposits of $14,000 annually for 20 years after you retire. What is the present value of all of these cash flows if the annual interest rate is 14%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92861938

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