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Consider the following cash flows: End of Month 1 2 3 4 5 6 Cash Flow $900 $600 $1,400 -$100 $300 $1,200 If the discount
Consider the following cash flows:
| End of Month | 1 | 2 | 3 | 4 | 5 | 6 |
| Cash Flow | $900 | $600 | $1,400 | -$100 | $300 | $1,200 |
If the discount rate is 15 percent compounded monthly, what is the present value of the cash flows?
$2,767.59 $4,498.17 $6,824.63 $4,123.54
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes
3rd Edition
0073382426, 9780073382425
