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You are scheduled to receive a $600 cash flow in one year, a $1,100 cash flow in two years, and pay a $900 payment in
You are scheduled to receive a $600 cash flow in one year, a $1,100 cash flow in two years, and pay a $900 payment in three years. Interest rates are 9 percent per year. What is the combined present value of these cash flows? Note: Do not round intermediate calculations. Round your answer to 2 decimal places.
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