Question: You expect to receive $ 1 , 0 0 0 in one year, $ 2 , 0 0 0 in three years, and $ 1
You expect to receive $ in one year, $ in three years, and $ in five years. Assume that the appropriate discount rate is
a Display these cash flows in a spreadsheet using the layout of a time line. Enter all period numbers up to year in one row, and the expected cash flows in the next row.
b What is the present value of these expected cash flows?
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