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Today you deposit $1000 in an account paying 6% interest. At the end of years 1, 2, and 3, you will deposit $100 in that
Today you deposit $1000 in an account paying 6% interest. At the end of years 1, 2, and 3, you will deposit $100 in that account. What is the present value of that stream of cash flows?
Multiple choice question.
$1.111.12
$1,376.32
$1,237.40
$1,267.30
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