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The appropriate discount rate for the following cash flows is 15 percent compounded quarterly. What is the present value of the cash flows? The appropriate

image text in transcribedThe appropriate discount rate for the following cash flows is 15 percent compounded quarterly. What is the present value of the cash flows?

The appropriate discount rate for the following cash flows is 15 percent compounded quarterly. Year 1 2 3 4 Cash Flow $700 700 0 1,300 What is the present value of the cash flows

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