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How much did one borrow if cash flows annually

Present value with multiple cash flows: Jeremy Fenloch borrowed some money from his friend and promised to repay him the amounts of $1,225, $1,350, $1,500, $1,600, and $1,600 over the next five years. If the friend normally discounts investment cash flows at 8 percent annually, how much did Jeremy borrow?

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Q : How much did one borrow if cash flows annually

The amounts of $1,225, $1,350, $1,500, $1,600, and $1,600 over the next five years. If the friend normally discounts investment cash flows at 8 percent annually, how much did Jeremy borrow?

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Solution Preview :

Prepared by a verified Expert

Finance Basics: How much did one borrow if cash flows annually

Reference No:- TGS0673925

Have a Question? (oR Write a Review)

Recent Questions Asked Finance Basics

Q : What is diluted eps

Q : Which sentence is correct

Q : Estimating the target stock price

Q : What was the net sales figure for these two transactions

Q : How much did one borrow if cash flows annually

Q : What amount will finks paid-in capital

Q : Applying the source of literature

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Q : How much money have for future value of ordinary annuity

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Solution Preview :

Prepared by a verified Expert

Finance Basics: How much did one borrow if cash flows annually

Reference No:- TGS0673925

Recent Questions Asked Finance Basics

Q : What is diluted eps

Q : Which sentence is correct

Q : Estimating the target stock price

Q : What was the net sales figure for these two transactions

Q : How much did one borrow if cash flows annually

Q : What amount will finks paid-in capital

Q : Applying the source of literature

Q : What was shareholders equity

Q : How much money have for future value of ordinary annuity

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