The present value of the following cash flow stream is $6,200 when discounted at 9 percent annually.
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The present value of the following cash flow stream is $6,200 when discounted at 9 percent annually. What is the value of the missing cash flow?
Year.........................................Cash Flow
1................................................$1,300
2.......................................................?
3.................................................1,950
4.................................................2,640
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861704
11th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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