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please explain the answer thx. 19. What is the value on 1/1/13 of the following cash flows: Date Cash Received Amount of Cash $14,000 $20,000

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please explain the answer thx.

19. What is the value on 1/1/13 of the following cash flows: Date Cash Received Amount of Cash $14,000 $20,000 $30,000 $43,000 $57,000 Use a 7% discount rate, and round your answer to the nearest $10 A. $112,350 B. $107,330

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