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Use the following to answer question:
Table 14.1
Time Period (years)
Cash Flow
0
$800
1
200
2
200
3
200
-(Table 14.1) At a 7% annual interest rate, what is the present discounted value of the cash flows?
Benefit
An advantage, improvement, or gain that is obtained from an action, decision, or situation.
Statement Of Action
A document or declaration outlining specific steps or measures that need to be taken in order to achieve a certain goal or objective.
Objectives
Specific, measurable, achievable, relevant, and time-bound goals set by individuals or organizations to direct effort and measure performance.
Concept
A general idea or understanding that is abstract and not specific to any particular instance.
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