What is the present value of the annual cash flow that is


An investment, which is worth 32,000 dollars and has an expected return of 13.88 percent, is expected to pay fixed annual cash flows for a given amount of time. The first annual cash flow is expected in 1 year from today and the last annual cash flow is expected in 9 years from today. What is the present value of the annual cash flow that is expected in 6 years from today?

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Financial Management: What is the present value of the annual cash flow that is
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