What is the present value of the cash flows

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Reference no: EM131259866

Your mother wants to encourage you to complete college, so she promises you the following cash flows, to be paid at the end of each year: Year Cash Flow 1 $ 780 2 860 3 0 4 1,450 What is the present value of the cash flows? Assume that the appropriate discount rate is 9 percent annually, compounded quarterly. (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $

Reference no: EM131259866

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