The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year Cash Flow 1 $ 700 2 800 3 0 4 1,100 What is the present value of the cash flows? Multiple Choice $2,139.12 $ 815.18 $2,192.14 $2,182.78 $2,226.43

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter16: Working Capital Policy And Short-term Financing
Section: Chapter Questions
Problem 16P
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The appropriate discount rate for the following cash
flows is 7 percent compounded quarterly. Year Cash
Flow 1 $ 700 2 800 3 0 4 1,100 What is the present
value of the cash flows? Multiple Choice $2,139.12 $
815.18 $2,192.14 $2,182.78 $2,226.43
Transcribed Image Text:The appropriate discount rate for the following cash flows is 7 percent compounded quarterly. Year Cash Flow 1 $ 700 2 800 3 0 4 1,100 What is the present value of the cash flows? Multiple Choice $2,139.12 $ 815.18 $2,192.14 $2,182.78 $2,226.43
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