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The present value of the following cash flows is $33,250 when discounted at 8 percent, compounded annually. What is the value of the missing cash

The present value of the following cash flows is $33,250 when discounted at 8 percent, compounded annually. What is the value of the missing cash flow?

Year Cash flow

  1. $7,400
  2. $8,700
  3. ?
  4. $11,300

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