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What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations. Round your answer to
| What is the present value of the following cash-flow stream if the interest rate is 5%? (Do not round intermediate calculations. Round your answer to 2 decimal places.) |
| Year | Cash Flow | ||
| 1 | $ | 250 | |
| 2 | 450 | ||
| 3 | 350 | ||
| Present value | $ |
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Financial Accounting Theory
Authors: Craig Deegan, H. Bierman
4th Edition
0071013148, 978-0071013147
