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Suppose you will receive payments of $10,000 at the end of each of the next 16 years. What is the present value of this stream of payments? The interest rate is 8%. Enter your response below (rounded to 2 decimal places). Number

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Answer #1

Annual Payment received = $10,000

Period = 16 years

Interest Rate = 16%

16

Present Value = $88,513.69

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