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The value of the following cash flows four years from today is $7,616.11. The interest rate is 4.6 percent. What is the value of the
The value of the following cash flows four years from today is $7,616.11. The interest rate is 4.6 percent. What is the value of the Year 3 cash flow? Year 1- $1,555 Year 2- $1,712 Year 3- ? Year 4- $2,715 A) $1,193.47 B) $1,305.79 C) $1,090.81 D) $1,140.98 E) $1,248.37
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