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Can you please help me solve this? You have just purchased an investment that generates the cash flows shown below for the next four years.
Can you please help me solve this?
You have just purchased an investment that generates the cash flows shown below for the next four
years. You are able reinvest these cash flows at 4.20 percent, compounded annually. How much is
this investment worth at the end of year four?
End of year
1. $315
2. $992
3. $673
4. $229
Round the answer to two decimal places.
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