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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. Year Cash Flow 1 $900 2 700 3 0 4 1,400
| The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. |
| Year | Cash Flow |
| 1 | $900 |
| 2 | 700 |
| 3 | 0 |
| 4 | 1,400 |
| What is the present value of the cash flows? |
-
$2,333.02
-
$2,379.68
-
$2,286.36
-
$2,352.91
-
$535.02
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Public Finance And Public Policy
Authors: Arye L. Hillman
2nd Edition
0521738059, 978-0521738057
