Consider the following cash flow. At a 6% interest rate, what is the value of P, at

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Consider the following cash flow. At a 6% interest rate, what is the value of P, at the end of Year 1 that is equivalent to the benefits at the end of Years2 through 7?

Year    Cash Flow

1          -P

2          +100

3          +200

4          +300

5          +400

6          +500

7          +600

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