,I need help with calculating the present value of the following cash flows. An annual receipt of $16,000 over the next 12 years, discounted at a 14% rate of return. I figured the present value factor to be 0.20756 by using this calculation: 1 / (1 + 0.14) ^ 12 = 0.20756. With this factor I figured the present value to be $3,321, however all other sources are coming up with $90,000 something. Can you tell me what I am missing?,
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