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Consider the following cash flows: End of Quarter 1 2 3 4 5 Cash Flow $1,400 $700 $1,100-$300 $2,500 If the effective annual rate is
Consider the following cash flows: End of Quarter 1 2 3 4 5 Cash Flow $1,400 $700 $1,100-$300 $2,500 If the effective annual rate is 20 percent, what is the present value of the cash flows? $5,909.80 $4.676.55 O $3,360.64 O $3.149.37 3 pts
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