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The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year 1 2. Cash Flow $600 900 0 1,100 3 4

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The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year 1 2. Cash Flow $600 900 0 1,100 3 4 What is the present value of the cash flows? Multiple Choice $2,176.31 $2,132.79 $2,219.84 $790.92 $2,186.03

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