Economics - Finance - Present value of cash flow stream
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An investment promises the following cash flow stream: $750 at Time 0; $2,450 at the end of Year 1 (or at t = 1); $3,175 at the end of Year 2; and $4,400 at the end of Year 3. At a discount rate of 8.0%, what is the present value of the cash flow stream?
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