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Consider a series of $109 end-of-period CFs spanning 2053-2057 and a $107 CF at the beg...

Consider a series of $109 end-of-period CFs spanning 2053-2057 and a $107 CF at the beg of 2065. The interest rate is 2%. What is the equivalent value of these CFs at the beg of 2046?

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