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An investment in an oil field will yield no operating profit until the end of 4...

An investment in an oil field will yield no operating profit until the end of 4 years, when the investor will receive P266,525,499.  After that, he will receive P266,525,499 at the end of each year for 14 more years.  Find the present value of tis income if money is worth 7% effective.

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