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  1. business
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  3. the second and fifth cash flows in the following c

The second and fifth cash flows in the following cash flow stream are missing. Both...

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Finance

The second and fifth cash flows in the following cash flow stream are missing. Both cash flows are the same (that is, CF2 = CF5). If the future value at the end of year 10 (that is, at t = 10) of this cash flow stream (these are the only cash flows in the cash flow stream) is $10,000 at a nominal annual interest rate of 8 percent, compounded semiannually, what is the amount of the missing cash flow?

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End of year Cash Flow 1 500 2 ? 700 3 4 700 5 6 900 7 900

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