What is the present value of seven $850 cash flows occurring at the end of the next
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Question:
What is the present value of seven $850 cash flows occurring at the end of the next 7 years at a rate of 4.75% compounded annually?
A) $4,963.29
B) $3,896.37
C) $2,947.58
D) $5,478.93
Related Book For
Foundations of Financial Management
ISBN: 978-1259277160
16th edition
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
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