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An investor is evaluating an investment that pays nothing for four years, but then pays...

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Finance

An investor is evaluating an investment that pays nothing for four years, but then pays the following stream of cash flows starting in Year 5:

$313 in Year 5 $691 in Year 6 $338 in Year 7 At an annual interest rate of 6%, the present value of the stream of cash flows is closest to:

Enter your answer to the nearest dollar without a leading dollar sign or commas.

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