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Question
Assume that your required rate of return is 12 percent and you are given the following stream of cash flows:
Year Cash Flow
0 $10,000
1 15,000
2 15,000
3 15,000
4 15,000
5 20,000
If payments are made at the end of each period, what is the present value of the cash flow stream?
a. $66,909
b. $57,323
c. $61,815
d. $52,345
e. $62,029
Answer
This answer is hidden. It contains 162 characters.
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