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The value of the following cash flows four years from today is $8,202.20. The interest...

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Accounting

The value of the following cash flows four years from today is $8,202.20. The interest rate is 4.9 percent. What is the value of the Year 3 cash flow?

Year Cash Flow
1 $ 1,600
2 1,772
3 ?
4 2,790

$1,615.38

$1,399.42

$1,694.53

$1,539.92

$1,539.92

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