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1. Given: a cash flow of $300 occurring in year four, and annual interest rate is 12%. a. Calculate the present value of the cash

1. Given: a cash flow of $300 occurring in year four, and annual interest rate is 12%.

a. Calculate the present value of the cash flow if interest is calculated once a year.

b. Calculate the present value of the cash flow if interest is calculated twice a year.

c. Calculate the present value factor in part (b)

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