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The appropriate discount rate for the following cash flows is 1 0 percent compounded quarterly. Year Cash Flow 1 $ 8 2 0 2 9

The appropriate discount rate for the following cash flows is 10 percent compounded quarterly.
Year Cash Flow
1 $ 820
2900
30
41,490
What is the present value of the cash flows? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g.,32.16.)

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