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[Solved]: Homework Answered Due Today, 11:59 PM Mark as: N
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(Solved): Homework Answered Due Today, 11:59 PM Mark as: None You expect to receive $8,000 at the end ...


Homework • Answered • Due Today, 11:59 PM Mark as: None You expect to receive

$8,000

at the end of each year for the next ten years, followed by a single cash flow of

$17,000

at the end of year 11. If the discount rate is

8%

, what is the present value of this combined annuity? Round to the nearest dollar.

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