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solina solina
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6 years ago
What is the value on 1/1/16 of the following cash flows? Use a 10% discount rate, and round your answer to the nearest $1.00.

   Date Cash Received   Amount of Cash
   1/1/18   $100
   1/1/19    $200
   1/1/20    $300
   1/1/21    $400
   1/1/22    $500

A) $1,500
B) $880
C) $968
D) $1,065
Textbook 
Financial Management: Principles and Applications

Financial Management: Principles and Applications


Edition: 13th
Authors:
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Heavy Heart Thank you bio-forums! Heavy Heart
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David_hessDavid_hess
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solina Author
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#2
6 years ago
Thank you
-solina
Heavy Heart Thank you bio-forums! Heavy Heart
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