Calculate the present value of the series of cash flows

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1) Calculate the present value today of a $4,450 cash flow expected to be received exactly 9 years from today if the required rate of return on this cash flow is 8% per year.

a) $2,226.11

b) $8,895.70

c) $1,246

d) $4,120.37

2) Calculate the present value of the following series of cash flows if the applicable rate is 7%: $450 today, $960 one year from today, $820 two years from today.

a) $2,230.00

b) $1,928.43

c) $2,362.41

d) $2,063.42

Please show with work

Reference no: EM131014890

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