Time Value of Money
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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.
A. $9,699.16
B. $10,209.64
C. $10,746.99
D. $11,284.34
E. $11,848.55
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