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The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year Cash Flow 1 $900 2 700 3 0 4 1,200
| The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. |
| Year | Cash Flow |
| 1 | $900 |
| 2 | 700 |
| 3 | 0 |
| 4 | 1,200 |
Required:
| What is the present value of the cash flows? |
rev: 09_17_2012
| $2,349.27 | |
| $2,257.14 | |
| $2,303.2 | |
| $2,315.51 | |
| $733.02 |
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CFP Board Financial Planning Competency Handbook
Authors: CFP Board
2nd Edition
1119094968, 978-1119094968
