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This set of problems is designed to be calculated using the Excel or financial calculator

This set of problems is designed to be calculated using the Excel or financial calculator.
Do not use financial tables to calculate these problems.

You have been offered the opportunity to invest in a project that will pay $5,240 per year at the end of years one through three and $13,683 per year at the end of years four and five. If the appropriate discount rate is 18.5 percent per year, what is the present value of this cash flow pattern?

Round the answer to two decimal places.

Your Answer:

 
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