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Within three years, Ozan will be able to collect the loans that he made to his friends. Assume that the payments will be made annually
Within three years, Ozan will be able to collect the loans that he made to his friends. Assume that the payments will be made annually on a cash basis (please see the table below). Calculate the present value of all cash flows that Ozan will receive from his debtors, assuming a 6% interest rate. (Intermediate computations should not be rounded. Your answer should be rounded to two decimal places.) Year 1 2 3 Cash Flow $120 320 220 X Answer is complete but not entirely correct. Present value $ 593.10
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