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The first cash flow is two years from now at a 10 percent

Your late Uncle Vern's will entitles you to receive $1,000 at the end of every other year for the next two decades. The first cash flow is two years from now. At a 10 percent compound annual interest rate, what is the present value of this unusual cash-flow pattern?

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Finance Basics: The first cash flow is two years from now at a 10 percent

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