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    Calculating Present Value of $5,800

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    Calculate the present value of $5,800 received at the end of year 1, $6,400 received at the end of year 2, and $8,700 at the end of year 3, assuming an opportunity cost of 13 percent. Show work.
    PV = ?

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    Solution Preview

    To calculate present value, we need a present value table. We then need to look at the ...

    Solution Summary

    The solution calculates the present value.