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This set of problems is designed to be calculated using the Excel or financial calculator.

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This set of problems is designed to be calculated using the Excel or financial calculator.
Do not use financial tables to calculate these problems.

You have just purchased an investment that generates the following cash flows for the next four years. You are able to reinvest these cash flows at 4.1 percent, compounded annually.

End of year
1. $2,497
2. $4,116
3. $4,707
4. $3,827

What is the present value of this investment if 4.1 percent per year is the appropriate discount rate?

Round the answer to two decimal places.

Your Answer:

 
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