If the appropriate discount rate for the following cash flows is 9.29 percent per year, what is
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If the appropriate discount rate for the following cash flows is 9.29 percent per year, what is the present value of the cash flows?
Year ______________Cash Flow
1 .............................. $1,400
2 ............................... 1,900
3 ............................... 3,400
4 ............................... 4,300
Discount RateDepending upon the context, the discount rate has two different definitions and usages. First, the discount rate refers to the interest rate charged to the commercial banks and other financial institutions for the loans they take from the Federal...
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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