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10 December, 19:17

Uppose that you promise to pay your sister $10,000 a yearfor five yearswith the first payment occurring one year from today. if the interest rate is 5%, what will this stream of cash flows be worth to her11years from now?

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  1. 10 December, 19:20
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    FW = 10000 * (((1.05^5) - 1) : 0.05) * 1.05^5 = $70522.60
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