Question: 7. The following information is provided relating to a stream of cash flows: Year 1-6 7-11 Amount of cash flow $20,000 per year (payments at
7.

The following information is provided relating to a stream of cash flows: Year 1-6 7-11 Amount of cash flow $20,000 per year (payments at the end of the year) $16,000 per year (payments at the end of the year) Assume an interest rate of 6% compounded annually. Calculate the present value of the stream of cash flows above
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