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The value of the following cash flows four years from today is $8,210.59. The interest rate is 5.4 percent. What is the value of the
The value of the following cash flows four years from today is $8,210.59. The interest rate is 5.4 percent. What is the value of the Year 3 cash flow?
| Year | Cash Flow |
|---|---|
| 1 | $ 1,675 |
| 2 | 1,872 |
| 3 | ?question mark |
| 4 | 2,915 |
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Financial management theory and practice
Authors: Eugene F. Brigham and Michael C. Ehrhardt
12th Edition
978-0030243998, 30243998, 324422695, 978-0324422696
