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The prize is 20 consecutive annual payments of 50000 the

The prize is 20 consecutive annual payments of 50,000 the first amount to be made one year from today. As the extra bonus, the fifth payment, and only the fifth payment, includes an extra amount of 10,000 so that the amount received at the end of the year 5 is 50,000. Calculate the present value assuming an interest rate of 5%

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Finance Basics: The prize is 20 consecutive annual payments of 50000 the

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Finance Basics: The prize is 20 consecutive annual payments of 50000 the

Reference No:- TGS01597766

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