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Accounting: Statement of Cash Flows

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What is the present value of the following cash flow stream at an interest rate of 12.0% per year? $0 at Time 0; $1,500 at the end of Year 1; $3,000 at the end of Year 2; $ 4,500 at the end of Year 3; and $6,000 at the end of Year 4.

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This solution provides a detailed a computation of the given accounting problem.

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