This set of problems is designed to be calculated using the


This set of problems is designed to be calculated using the Excel or financial calculator. Do not use financial tables to calculate these problems You have been offered the opportunity to invest in a project that will pay $3,869 per year at the end of years one through three and $10,494 per year at the end of years four and five. If the appropriate discount rate is 16.5 percent per year, what is the present value of this cash flow pattern?

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Financial Management: This set of problems is designed to be calculated using the
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