What is the present value of five cash flows

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Reference no: EM131518073

Question: What is the present value of five $800 cash flows that occur at the end of each year for the next five years at a periodic interest rate of 8% compounded annually? The first cash flow occurs a year from now, the second cash flow occurs two years from now, and the fifth cash flow occurs five years from now.

Reference no: EM131518073

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