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To Solve Present Value Problems with Multiple Cash Flows Involves

Question 21

Multiple Choice

To solve present value problems with multiple cash flows involves which of the following steps?


A) First, draw a time line to make sure that each cash flow is placed in the correct time period.
B) Second, calculate the present value of each cash flow for its time period.
C) Third, add up the present values.
D) All of the above are necessary steps.

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