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Consider the following cash-flow: $1000 in t=1,2, and 3 $0 in t=4 $1200 in t=5,6,7 and 8 $1500 in t=9,10 and 11 $0 in t=12

Consider the following cash-flow:

$1000 in t=1,2, and 3

$0 in t=4

$1200 in t=5,6,7 and 8

$1500 in t=9,10 and 11

$0 in t=12 and 13

$1700 in t=14.

Find the present value (t=0). Assume the interest rate is 8%

Question 1 options:

	7915-8015
	8015-8115
	8115-8215
	8215-8315
	None of the above

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