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I am thinking about making an investment for grad school and will pay off $ 1 , 0 0 0 but am not sure when.

I am thinking about making an investment for grad school and will pay off $1,000 but am not sure when. The cash flow can arrive at any time (1 year, 2 years, etc.) and all have equal likelihoods.
The discount rate is 12%. What is the present value of the cash flow?

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