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10. Assume the appropriate discount rate for the following cash flows is 9.99 percent per year. Year Cash Flow 1 $ 2,250 2 2,650 3
10. Assume the appropriate discount rate for the following cash flows is 9.99 percent per year.
Year | Cash Flow | |
1 | $ | 2,250 |
2 | 2,650 | |
3 | 4,850 | |
4 | 5,450 | |
What is the present value of the cash flows?
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