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Fuente, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $600 2 925 3 1,050 4 1,425 a. If
| Fuente, Inc., has identified an investment project with the following cash flows. |
| Year | Cash Flow |
| 1 | $600 |
| 2 | 925 |
| 3 | 1,050 |
| 4 | 1,425 |
|
| |
| a. | If the discount rate is 12 percent, what is the future value of these cash flows in year 4? |
| b. | What is the future value at a discount rate of 16 percent? |
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Public Finance
Authors: Harvey Rosen, Ted Gayer
8th Edition
0073511285, 9780073511283
