Question: Answer should be $39,956.15. Please provide work on how to arrive at that. 7. An investment offers annual cash flows of $5000 for the next

Answer should be $39,956.15. Please provide work on how to arrive at that.

7. An investment offers annual cash flows of $5000 for the next 11 years, payable at the beginning of each year. If the appropriate discount rate is 7.1%, what is the investment's present value

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