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  3. find the present value of the following stream of

Find the present value of the following stream of cash flows using a discount rate...

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Accounting

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Find the present value of the following stream of cash flows using a discount rate of 9%. The cash flows are received at the end of each year, Round to two decimal places. Year 1 Cash Flow Stream $7,000 $3,000 $6,000 2 3 How much would you need to deposit in a bank account today in order to have $500 in 3 years if the account has a nominal interest rate of 7% and compounds interest monthly? Round to two decimal places. Suppose you have been offered a contract in which you will receive $9,400 in 13 years. You can earn 5% annually on your savings, so that is the opportunity cost of delaying payment. What is the contract worth to you in today's dollars? (i.e. what is the PV?) Round to two decimal places

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