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John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are expected

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Answer #1

2250 = 579 / (1 +0.1)1 + 589 / (1 +0.1)2 + 506 / (1 +0.1)3 + X / (1 +0.1)4 + 577 / (1 +0.1)5

2250 = 526.363636 + 486.77686 + 380.165289 + X / 1.4641 + 358.271603

498.422612 = X / 1.4641

X = 729.74

Cash flow in year 4 is 729.74

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