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The appropriate discount rate for the following cash flows is 12 percent compounded quarterly. Year Cash Flow 1 $900 2 600 3 0 4 1,300
The appropriate discount rate for the following cash flows is 12 percent compounded quarterly. |
Year | Cash Flow |
1 | $900 |
2 | 600 |
3 | 0 |
4 | 1,300 |
Required:
What is the present value of the cash flows? |
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