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The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $700 2 700 3 0 4 1,300

The appropriate discount rate for the following cash flows is 8 percent compounded quarterly.

Year Cash Flow
1 $700
2 700
3 0
4 1,300

Required:

What is the present value of the cash flows?

Multiple Choice

$2,147.46

$2,191.28

$637.09

$2,203.82

$2,235.11

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