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CFA Level 1 Exam

3959 Questions

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Question No. 1

What is the Net Present Value of this series of annual cash flows at an interest rate of 12% per year: Year 0:

<$14,000>, Year 1: $5,000, Year 2: $4,000, Year 3: $5,000, Year 4 are used to indicate a negative number).
Choose the correct option from the given list.
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