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3. Find the present value of the following cash flows (interest rate is 5%). Show the cash flows on the time line and use step-by-step

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3. Find the present value of the following cash flows (interest rate is 5%). Show the cash flows on the time line and use step-by-step approach to solve for the present value. Year CF. CF1 CF2 CF3 CFA CFs Cash Flow $1,000 $2,000 $15,000 $6,000 $5,000 -$2,000

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