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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly Year Cash Flow 1 $ 820 2. 900 3 O 4

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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly Year Cash Flow 1 $ 820 2. 900 3 O 4 1,490 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.) Present value

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