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The present value of the following cash flow stream is $6,985 when discounted at 11 percent annually. Year Cash Flow 1 $1,150 2 ? 3
| The present value of the following cash flow stream is $6,985 when discounted at 11 percent annually. |
| Year | Cash Flow |
| 1 | $1,150 |
| 2 | ? |
| 3 | 1,450 |
| 4 | 2,050 |
| What is the value of the missing cash flow? |
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
13th edition
978-1119411482
