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Problem 1.0 (25 Points) From the following cash flow diagram of nine years and 10% interest rate, find the present value, P. $1200 $1200 $1200

Problem 1.0 (25 Points) From the following cash flow diagram of nine years and 10% interest rate, find the present value, P.

$1200 $1200 $1200 $500 $500 $500 4 6 7 8 9 P

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