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What is the present worth of the following cash flow series? End of Year Cash Flow 1 2 3 $1,900 $-1,000 $700 The interest rate

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What is the present worth of the following cash flow series? End of Year Cash Flow 1 2 3 $1,900 $-1,000 $700 The interest rate for the first two years will be 1296 compounded monthly and then it will change to 10% compounded quarterly Select one: a. $1,425 b. $1,600 C. $1,380 d. $1,400

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