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he appropriate discount rate for the following cash flows is 6 percent compounded quarterly. Year Cash Flow 1) $900 (2) 900 (3) 0 (4) 1,000

he appropriate discount rate for the following cash flows is 6 percent compounded quarterly. Year Cash Flow 1) $900 (2) 900 (3) 0 (4) 1,000 Required: What is the present value of the cash flows?

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