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How do determine what is present value of cash flow pattern

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Problem 1: You have been offered the opportunity to invest in a project that will pay $1,969 per year at the end of years one through three and $14,702 per year at the end of years four and five. If the appropriate discount rate is 7.4 percent per year, what is the present value of this cash flow pattern?

Reference no: EM132779977

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