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An investment promises the following cash flow stream: $1,000 at Time 0; $2,000 at the end of Year 1 (or at T=1); $3,000 at the end of Year 2; and $5,000 at the end of Year 3. At a discount rate of 5%, what is the present value of the cash flow stream?a. $9,324.89b. $9,591.45c. $9,945.04d. $9,011.87e. $9,854.13
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