Starting at the end of year 2 and every even-numbered year, Finance Basics

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Starting at the end of year 2 and every even-numbered year

Question: Starting at the end of year 2, and every even-numbered year thereafter (i.e., year 4, 6, 8, etc.), you expect to receive $762. You will receive a total of 15 payments. What is the fair value of these cash flows today, if the going rate is 9 percent per year? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Finance Basics: Starting at the end of year 2 and every even-numbered year

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