Question: Consider the following cash flow. At a 6% interest rate, what is the value of P, at the end of Year 1 that is equivalent
Consider the following cash flow. At a 6% interest rate, what is the value of P, at the end of Year 1 that is equivalent to the benefits at the end of Years2 through 7?
Year Cash Flow
1 -P
2 +100
3 +200
4 +300
5 +400
6 +500
7 +600
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