You purchased an investment which will pay you 10000 in


You purchased an investment which will pay you $10,000, in real dollars, a year for the next five years. Each payment will be received at the end of the period with the first payment occurring one year from today. The nominal discount rate is 10 percent and the inflation rate is 4 percent. What is the present value of these payments?

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Financial Management: You purchased an investment which will pay you 10000 in
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