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An investment offers the following cash flows: $280 today, $268 one year from now, $251 in 2 years, and $307 in 3 years. If the
An investment offers the following cash flows:
$280
today,
$268
one year from now,
$251
in 2 years, and
$307
in 3 years. If the relevant interest rate is
6%
per year (an APR, with interest compounded annually), the value of the investment 3 years from today (immediately after the cash flow at "year 3 " occurs) is
\ Margin of error for correct responses: +/- . 10
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