If the interest rate is 5 percent and cash flows are $3,000 at the end of year
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Question:
If the interest rate is 5 percent and cash flows are $3,000 at the end of year one and $5,000 at the end of year two, then the present value of these cash flows is:
A. $7,392.29.
B. $8,400.34.
C. $4,222.50.
D. $400.74
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