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solina solina
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6 years ago
Consider the following cash flows:

   Date Cash Received   Amount of Cash
   1/1/17   $100
   1/1/18   $100
   1/1/19   $500
   1/1/20   $100

What is the value on 1/1/16 of the above cash flows? Use an 8% discount rate, and round your answer to the nearest $1.00.
A) $649
B) $601
C) $740
D) $800
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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6 years ago
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solina Author
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6 years ago
Just got PERFECT on my quiz
Goku935
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Thanks for your help!!
Kstan109
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You make an excellent tutor!
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