a. Describe how to calculate the future value of a series of cash flows. b. Describe how

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a. Describe how to calculate the future value of a series of cash flows.
b. Describe how to calculate the present value of a series of cash flows.
c. Unless we are explicitly told otherwise, what do we always assume about the timing of cash flows in present and future value problems?

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Fundamentals of corporate finance

ISBN: 978-0073382395

9th edition

Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan

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