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Consider the following cash flows: End of Quarter 1 2 3 4 5 Cash Flow $1,700 $1,700 $1,500 $100 $1,700 If the effective annual rate
Consider the following cash flows:
| End of Quarter | 1 | 2 | 3 | 4 | 5 |
| Cash Flow | $1,700 | $1,700 | $1,500 | $100 | $1,700 |
If the effective annual rate is 17 percent, what is the present value of the cash flows?
Group of answer choices
$2,855.67
$7,368.50
$6,022.13
$4,460.17
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Finance For Non Financial Managers
Authors: Pierre Bergeron
6th Edition
0176501630, 9780176501631
