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Consider the following cash flows: End of Month 1 2 3 4. 5 6 Cash Flow $300 $400 $1,400|-$400 $100 $1,800 If the discount rate

Consider the following cash flows: End of Month 1 2 3 4. 5 6 Cash Flow $300 $400 $1,400|-$400 $100 $1,800 If the discount rate is 7 percent compounded monthly, what is the present value of the cash flows? O $5,920.01 $2,738,12 DO $3,660.04 $3,514,02

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