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Assuming an interest rate of 5 . 6 percent, what is the value of the following cash flows four years from today? Year Cash Flow

Assuming an interest rate of 5.6 percent, what is the value of the following cash flows four years from today?
Year Cash Flow
1 $ 3,050
24,080
35,935
48,035
Multiple Choice
$22,443.74
$22,893.70
$23,431.68
$21,546.00

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