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The present value of the following cash flow stream is $8,700 when discounted at 9.6 percent annually. What is the value of the missing cash
| The present value of the following cash flow stream is $8,700 when discounted at 9.6 percent annually. |
| What is the value of the missing cash flow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Year | Cash Flow | |||||
| 1 | $ | 2,300 | ||||
| 2 | ||||||
| 3 | 2,900 | |||||
| 4 | 3,500 | |||||
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Investment Analysis And Portfolio Management
Authors: Frank K. Reilly, Keith C. Brown
6th Edition
003025809X, 978-3540014386
