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Question 4 At a rate of 2.5%, what is the present value of the following cash flow stream: $0 at Time 0; $1,000 at the
Question 4
At a rate of 2.5%, what is the present value of the following cash flow stream: $0 at Time 0; $1,000 at the end of Year 1; $3,500 at the end of Year 2; $0 at the end of Year 3; and $5,500 at the end of Year 4?
a. $10,203
b. $9,289
c. $10,306
d. $10,358
e. $10,410
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