25. What is the value on 1/1/85 of the following cash flows: Date Cash Received Amount of...
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Question:
25.
What is the value on 1/1/85 of the following cash flows:
Date Cash Received
Amount of Cash
1/1/87
$100
1/1/88
$200
1/1/89
$100
1/1/90
$100
1/1/91
$100
Use a 10% discount rate, and round your answer to the nearest $10.
a.
$490
b.
$460
c.
$420
d.
$450
what is the answer for the above question?
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