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An investment offers the following cash flows: $520 today, $844 one year from now, $132 in 2 years, and $423 in 3 years.

If the relevant interest rate is 6% per year (an APR, with interest compounded annually), what is the value of the investment 3 years from today (immediately after the cash flow at "year 3" occurs)?

Financial Management, Finance

  • Category:- Financial Management
  • Reference No.:- M92775658

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