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You will receive three cash flows:(i) $400, today(ii) $1,000, four years from today(iii) $500, eight years from today At an annual effective interest rate i,
You will receive three cash flows:(i) $400, today(ii) $1,000, four years from today(iii) $500, eight years from today At an annual effective interest rate i, the combined present value of these three cash flows is $1505.80. At the same annual effective rate i, find the accumulated value of $60 after three years.
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