Following year five you will receive a payment at the end


Suppose that one year from now you will receive $350. At the end of each of the next four years you will receive a payment that is 4% bigger than the prior payment.

Following year five you will receive a payment at the end of every year that is 2% larger than the prior payment.

If the cost of capital is 11% what is the this stream of cash flows worth today?

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Financial Management: Following year five you will receive a payment at the end
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