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What is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? Cash flows: toda y
What is the present value of the following cash flow stream at a rate of 8.0%, rounded to the nearest dollar? Cash flows: toda y (t = 0) it is $750, after one year (t = 1) it is $2,450, (t = 2) it is $3,175, and (t=3) it is $4,400. Draw a time line. a. $7,917 b. $8,333 c. $8,772 d. $9,233 e. $9,695
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