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Given the Cash Flows in Table Below A) $470914
B) $6125

Question 1

Multiple Choice

Given the cash flows in table below. Determine the value of P. i= 6% per year
 Year 012345 Cash Flow −P400800120016001800\begin{array} { | l | l | l | l | l | l | l | } \hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \\\hline \text { Cash Flow } & - \mathrm { P } & 400 & 800 & 1200 & 1600 & 1800 \\\hline\end{array}


A) $4709.14
B) $6125.15
C) $5125.63
D) $4978.23

Correct Answer:

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