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The value today of the following cash flows is $6,405.32 at an interest rate of 5.1 percent. What is the value of the Year 3
The value today of the following cash flows is $6,405.32 at an interest rate of 5.1 percent. What is the value of the Year 3 cash flow?
Year Cash Flow
1 $ 1,560
2 1,705
3 ?
4 2,330
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