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The appropriate discount rate for the following cash flows is 7.17 percent per year. Year Cash Flow 1 $ 2,480 2 0 3 3,920 4
The appropriate discount rate for the following cash flows is 7.17 percent per year. |
Year | Cash Flow | |||||
1 | $ | 2,480 | ||||
2 | 0 | |||||
3 | 3,920 | |||||
4 | 2,170 | |||||
What is the present value of the cash flows? |
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