What is the fair value of these cash flows today if the


Starting at the end of year 2, and every even-numbered year thereafter (i.e., year 4, 6, 8, ... etc.), you expect to receive $762. You will receive a total of 15 payments. What is the fair value of these cash flows today, if the going rate is 9 percent per year?

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Financial Management: What is the fair value of these cash flows today if the
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