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What is the Present Value (PV) of the following series of cash flows using an 8% discount rate? Year $ 1 500 2 300 3
What is the Present Value (PV) of the following series of cash flows using an 8% discount rate?
Year | $ |
1 | 500 |
2 | 300 |
3 | 0 |
4 | 400 |
5 | 400 |
a. | More than $1350 | |
b. | $1201 - $1250 | |
c. | Less than $1200 | |
d. | $1251 - $1300 | |
e. | $1301 - $1350 |
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