oblem 5-27 Discounted Cash Flow Analysis [LO1] appropriate discount rate for the following cash flows is an 9 percent APR compounded quarterly. ar Cash Flow $ 860 940 0 1,530 at is the present value of the cash flows? te: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. sent value

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Problem 5-27 Discounted Cash Flow Analysis [LO1]
The appropriate discount rate for the following cash flows is an 9 percent APR compounded quarterly.
Year Cash Flow
$860
940
3
0
1,530
What is the present value of the cash flows?
Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.
Present value
Transcribed Image Text:Problem 5-27 Discounted Cash Flow Analysis [LO1] The appropriate discount rate for the following cash flows is an 9 percent APR compounded quarterly. Year Cash Flow $860 940 3 0 1,530 What is the present value of the cash flows? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. Present value
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