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Practice Calculating the Present Value of an Uneven Cash Flow Stream (5-12 of the textbook) (skip 5-13 and 5-14 of the textbook) Consider an investment

Practice Calculating the Present Value of an Uneven Cash Flow Stream (5-12 of the textbook) (skip 5-13 and 5-14 of the textbook)

Consider an investment that pays $105 in 2 years and $363 in 12 years. Calculate the present value if the discount rate (i) is 5%.

hint: calculate the present value of 105 and then the present value of 363 then add these two present values together

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