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The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. Year Cash Flow 1 $900 2 600 3 0 4 1,400
| The appropriate discount rate for the following cash flows is 11 percent compounded quarterly. |
| Year | Cash Flow |
| 1 | $900 |
| 2 | 600 |
| 3 | 0 |
| 4 | 1,400 |
Required:
| What is the present value of the cash flows? |
a. $455.03
b. $2,153.57
c. $2,197.52
d. $2,241.47
e. $2,220.01
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Shape Up Your Finances The Personal Finances Handbook
Authors: Ian Birt
1st Edition
0734608268, 978-0734608260
