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Given the following cash flows and a discount rate of 3%, calculate the Year 3 cash flow given that 4 year total cash flow is
Given the following cash flows and a discount rate of 3%, calculate the Year 3 cash flow given that 4 year total cash flow is equal to $1,178
This is the only information provided with the question, so I am having trouble figuring it out. Please explain calculations as best as possible.
Show calculations. Given the following cash flows and a discount rate of 3%, calculate the Year 3 cash flow given that 4 year total cash flow is equal to $1,178. \begin{tabular}{|l|l|} \hline Year & \\ \hline 1 & $250 \\ \hline 2 & $275 \\ \hline 3 & ????? \\ \hline 4 & $400 \\ \hline \end{tabular}Step by Step Solution
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