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An investment offers the following cash flows: $642 one year from now, $429 two years from now, $263 in 3 years, $604 in 4 years,
An investment offers the following cash flows: $642 one year from now, $429 two years from now, $263 in 3 years, $604 in 4 years, and $461 in 5 years. If the relevant interest rate is 9% per year (an APR, with interest compounded annually), the investment is worth $ _______ in today's terms. Margin of error for correct answers: +/-.05. Do not enter commas or a dollar sign. Do not round any intermediate work. Round your final answer to 2 decimal places (ex: if your answer is 12.345678 then you should enter 12.35)
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