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Assume that you are nearing graduation and that you have applied for a job with a local bank.As part of the bank's evaluation process, you
Assume that you are nearing graduation and that you have applied for a job with a local bank.As part of the bank's evaluation process, you have been asked to take an examination that covers several financial analysis techniques.The first section of the test addresses TVM analysis.See how you would do by answering the following questions:
What is the present value of the following cash flow stream?The appropriate interest rate is 10 percent, compounded annually.
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