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The present value of the following cash flow stream is $6820 when discounted 11% annually: Year Cash flow 1 $ 1500 2 $ ??? 3
The present value of the following cash flow stream is $6820 when discounted 11% annually:
Year Cash flow
1 $ 1500
2 $ ???
3 $1800
4 $ 2400
What is the dollar amount missing cash flow?
Please show step by step calculations on financial calculator thank you
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