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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. Year Cash Flow 1 $ 880 2 960 3 0 4
The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. |
Year | Cash Flow | |||||
1 | $ | 880 | ||||
2 | 960 | |||||
3 | 0 | |||||
4 | 1,550 | |||||
What is the present value of the cash flows? |
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