Question: Use amount and annuity techniques to calculate the present value of the following pattern of annual cash flows at an annual interest rate of 12%.
Use amount and annuity techniques to calculate the present value of the following pattern of annual cash flows at an annual interest rate of 12%. Round to the nearest dollar.
| Years | 14 | 59 | 10 |
| Cash Flow per year | $20,000 | $30,000 | $40,000 |
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