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The appropriate discount rate for the following cash flows is 16 percent compounded quarterly. Year Cash Flow 1 $ 700 2 500 3 0 4
| The appropriate discount rate for the following cash flows is 16 percent compounded quarterly. |
| Year | Cash Flow |
|---|---|
| 1 | $ 700 |
| 2 | 500 |
| 3 | 0 |
| 4 | 1,300 |
| What is the present value of the cash flows? |
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Contemporary Financial Management
Authors: R. Charles Moyer, William J. Kretlow, James R. Mcguigan
7th Edition
0538877766, 9780538877763
