You are due to receive ten annual payment of 1500 eachthe, Financial Management

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You are due to receive ten annual payment of 1500 eachthe

You are due to receive ten annual payment of $1500 each,the first payment to be received 5 years from now. You can invest each of these payments into an account that offers a 4 percent, semi-annual interest rate. Compute the present value ( t=0) of this opportunity.

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