Assume that you have rdquo96rdquo000 in the bank that you, Ask an Expert

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Assume that you have $”96”,000 in the bank, that you are going to receive $1,400 three times a year until the day of your retirement (20 years from now). You also need to pay $1,800 every year for 96 more years (Student loans). You know from your retirement that you will receive deposits of $11,000 annually for 20 years after you retire. What is the present value of all of these cash flows if the annual interest rate is 11%?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92852350

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