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Your boss asks you to re-enter the following table in a new spreadsheet. The problem is that she spilled coffee on the paper and one

Your boss asks you to re-enter the following table in a new spreadsheet. The problem is that she spilled coffee on the paper and one of the values (for Year 2) is smeared and illegible. Here is what you know. The Present Value of the five annual payments is $5,392 and the discount rate is 4.1%. What is the nominal Year 2 payment (rounded to nearest whole dollar)?

year 1 = nominal cash flow = 808

year 2 = illegible

year 3 = 1250

year 4 = 1420

year 5 = 1485

A. $867

B. $939

C. $978

D. $1,175

E. $1,228

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