Question: Extra one point. Assume the interest rate is 2% for the first two years and will increase to 5% afterwards (since year 3). The cash

 Extra one point. Assume the interest rate is 2% for the

Extra one point. Assume the interest rate is 2% for the first two years and will increase to 5% afterwards (since year 3). The cash flows are as follows. Year 0 -1000 Year 2 200 Year 4 400 Year 7 1000 What is the present value? Please list the formula with numbers, no calculation needed

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