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The following information is provided relating to a stream of cash flows: Year Amount of cash flow 1-4 $25,000 per year (payments at the end
The following information is provided relating to a stream of cash flows: Year Amount of cash flow 1-4 $25,000 per year (payments at the end of the year) 5-9 $20,000 per year (payments at the end of the year) Assume an interest rate of 6% compounded annually. Calculate the present value of the stream of cash flows above.
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Auditing A Business Risk Approach
Authors: Karla Johnstone, Audrey Gramling, Larry Rittenberg
8th edition
538476230, 978-0538476232
