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Consider the following cash flows occuring at the times indicated below: Time (years) 1 10 18 Cash flow 267 218 182 Compute the present value
Consider the following cash flows occuring at the times indicated below:
Time (years) | 1 | 10 | 18 |
Cash flow | 267 | 218 | 182 |
Compute the present value if the discount rate is 7% per year with continuous compounding. Express your answer with two decimals.
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