You have just purchased an investment that generates the following cash flows for the next four years.

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You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 9.6 percent, compounded annually.

End of year 1. $542 2. $2,166 3. $4,877 4. $3,041

What is the present value of this investment if 9.6 percent per year is the appropriate discount rate?

Round the answer to two decimal places.

Related Book For answer-question

Calculus

ISBN: 9781285057095

10th Edition

Authors: Ron Larson, Bruce H. Edwards

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Posted Date: Apr 30, 2024 06:11 AM

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You have just purchased an investment that generates the following cash flows for the next four years.

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To calculate the present value of the investment we wil... View the full answer

Calculus

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