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Consider the following timeline: Date (years) 0 1 2 3 Cash Flows ? $300 $400 $500 If the current market rate of interest is 7%,
Consider the following timeline:
| Date (years) | 0 | 1 | 2 | 3 |
|---|---|---|---|---|
| Cash Flows | ? | $300 | $400 | $500 |
If the current market rate of interest is 7%, what is the present value (PV) in dollars of this timeline as of year 0? (Round your answer to the nearest cent.)
$
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