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Question
The present value (t = 0) of the following cash flow stream is $5,979.04 when discounted at 12 percent annually. What is the value of the missing (t = 2) cash flow?
a. $2,000
b. $2,391
c. $3,000
d. $3,391
e. $4,237
Answer
This answer is hidden. It contains 522 characters.
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