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What is the present value (P) of the following cash flows? $2,000 $1,500 $1,000 6% compounded quarterly 9% compounded monthly 12% compounded daily 0 2
What is the present value (P) of the following cash flows? $2,000 $1,500 $1,000 6% compounded quarterly 9% compounded monthly 12% compounded daily 0 2 6 years P = ? (your answer must be rounded off to the nearest dollars, i.e., no decimal places)
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