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Moving Cash Flows. What is the value in year 4 of a $770 cash flow made in year 8 if interest rates are 9 percent? (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Value in year 4=

Solving for Time. How many years (and months) will it take $2 million to grow to $5.60 million with an annual interest rate of 7 percent? (Do not round intermediate calculations. Round "months" to 1 decimal place.)

Period= years months

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