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You have been promised cash flows of $2,000; $3,500; $ unknown; $2,800, and $1,900 over the next five years, respectively. The interest rate, or opportunity
You have been promised cash flows of $2,000; $3,500; $ unknown; $2,800, and $1,900 over the next five years, respectively. The interest rate, or opportunity cost, of this money is 7.0% per annum. What must the magnitude of the third-year cash flow be if the present value of the promised cash flow stream is $11,845
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