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Calculate the present value of the following stream of cash flows, assuming that the discount rate is 12 percent. (all cash flows are end-of-year) Years
Calculate the present value of the following stream of cash flows, assuming that the discount rate is 12 percent. (all cash flows are end-of-year)
| Years | Amount |
| 1-6 | $10,000 |
| 7-10 | $18,000 |
A. $71,946
B. $63,183
C. $59,824
D. $75,537
E. $68,813
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
8th Edition
0324259700, 978-0324259704
