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An investment pays $400 in one year, $600 dollars in two years, and X amount of dollars in 3 years. The total present value of
An investment pays $400 in one year, $600 dollars in two years, and X amount of dollars in 3 years. The total present value of all the cash flows (including X) is equal to $1,500. If i is 6%, what is X? (Do not round intermediate calculations. Round your answer to 2 decimal places. (e.g., 32.16)) |
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