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(Solved): Assume that you currently have $58896 in the bank. That you are going to receive $636 yearly until t ...



Assume that you currently have $58896 in the bank. That you are going to receive $636 yearly until the day of your retirement (22 years from now). What is the present value of all these cash flows if the interest rate is 7.97%. NOTE: Submit your answers with 4 decimals after the dot. HINT: Calculate ALL THE PRESENT VALUES and add them together



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