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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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