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What is the value in year 4 of a $1,600 cash flow made in year 5 if interest rates are 8 percent? (Do not round

What is the value in year 4 of a $1,600 cash flow made in year 5 if interest rates are 8 percent? (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Value in year 4 $

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