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Given the following end-of the year cash flow, what is the value of cashflows at year 0 (today) if the interest rate is 6%? Year
Given the following end-of the year cash flow, what is the value of cashflows at year 0 (today) if the interest rate is 6%?
| Year | Cashflow |
| 1 | 660 |
| 2 | 125 |
| 3 | 260 |
| 4 | 196 |
| 5 | 250 |
Select one:
a.$1294.26
b.$2035.11
c.$4662.50
d.$698.00
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Personal Finance
Authors: Jeff Madura
5th edition
132994348, 978-0132994347
