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The appropriate discount rate for the following cash flows is 10 percent compounded quarterly. Year Cash Flow 1 $ 880 2 960 3 0 4
The appropriate discount rate for the following cash flows is 10 percent compounded quarterly.
Year Cash Flow
1 $ 880
2 960
3 0
4 1,550
What is the present value of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.)
Present value $ ?????
(Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) PLEASEEEE
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