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7 . value: 10.00 points The appropriate discount rate for the following cash flows is 8 percent compounded quarterly. Year 1 2 3 4 Cash Flow $ 930 1,010 0 1,600 What is the present value of the cash flows? (Do not round intermediate calculations and round your final answer to 2 decimal places, e.g., 32.16.) Present value $ References eBook & Resources eBook: 6.1. Future and Present Values of Multiple Cash Flows Save & Exit Submit 6. value: 10.00 points Find the EAR in each of the following cases (Use 365 days a year. Do not round intermediate calculations. Enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.): Stated Rate (APR) 8.5% Number of Times Compounded Quarterly Monthly Effective Rate (EAR) % 17.5 13.5 Daily Infinite 10.5 References eBook & Resources Worksheet Learning Objective: 06-04 How interest rates are quoted (and misquoted). Difficulty: Basic Section: 6.3 Comparing Rates: The Effect of Compounding
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