What is the value in year 3 of a $2,400 cash flow made in year 6 when interest rates are 9.6 percent?

What is the value in year 3 of a $2,400 cash flow made in year 6 when interest rates are 9.6 percent?

$1,822.97

FV = 2,400, N = (6 − 3) =3, I = 9.6, PMT = 0, CPT

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PV = 1,822.97