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Consider the following cash flows: End of Quarter 1 2 3 4 5 Cash Flow $1,100 $900 $800 $900 $1,500 If the effective annual
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Consider the following cash flows:
End of Quarter | 1 | 2 | 3 | 4 | 5 |
Cash Flow | $1,100 | $900 | $800 | $900 | $1,500 |
If the effective annual rate is 21 percent, what is the present value of the cash flows?
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