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The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year Cash Flow 1 $ 7 0 0 2 8 0

The appropriate discount rate for the following cash flows is 7 percent compounded quarterly.
Year Cash Flow
1 $ 700
2800
30
41,100
What is the present value of the cash flows?
Multiple Choice
$2,139.12
$815.18
$2,192.14
$2,182.78
$2,226.43

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