What is the present value of the investment, Finance Basics

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What is the present value of the investment

Problem

You are given an investment to analyze. The cash flows from this investment are

End of year
1. $2,780
2. $1,810
3. $12,440
4. $17,550
5. $8,440

What is the present value of this investment if 5 percent per year is the appropriate discount rate?

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Finance Basics: What is the present value of the investment

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