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Consider the following timeline detailing a stream of cash flows: 1-$5000 2-$6000 3-$7000 4-$8000 If the current market rate of interest is 8%, then the
Consider the following timeline detailing a stream of cash flows:
1-$5000
2-$6000
3-$7000
4-$8000
If the current market rate of interest is 8%, then the present value of this stream of cash flows is closest to:
a. $21,211
b. $26,000
c. $24, 074
d. $22,871
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