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The present value of the following cash flow stream is $6,885 when discounted at 7 percent annually. Year Cash Flow 1 $1,300 2 ? 3
| The present value of the following cash flow stream is $6,885 when discounted at 7 percent annually. |
| Year | Cash Flow |
| 1 | $1,300 |
| 2 | ? |
| 3 | 1,600 |
| 4 | 2,200 |
| What is the value of the missing cash flow? |
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Handbook Of Asset And Liability Management Volume 2
Authors: S. A. Zenios, W. T. Ziemba
1st Edition
0444528024, 978-0444528025
