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You expect to receive $300, $500, $400, $500, $100, $300, and $400 at the end of each year over the next 7 years. If an
You expect to receive $300, $500, $400, $500, $100, $300, and $400 at the end of each year over the next 7 years. If an annual interest rate is 3 percent, what is the present value of this uneven cash flow stream?
Please show your work.
b. $2,083
c. $2,012
a. $1,864
d. $2,236
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