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Find the net present value (NPV) of the following cash flows when the discount rate...

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Finance

Find the net present value (NPV) of the following cash flows when the discount rate is 6% pa:

$7,000 immediately (t=0);

$6,000 in 0.5 years (t=0.5); and

$8,000 in 3 years (t=3).

The net present value of these payments is:

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