How much is the investment worth in todays


An investment offers the following cash flows: $278 one year from now, $521 two years from now, $625 in 3 years, $106 in 4 years, and $667 in 5 years. If the relevant interest rate is 7% per year (an APR, with interest compounded annually), how much is the investment worth in today's terms?

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Financial Management: How much is the investment worth in todays
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