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11) The present value (t = 0) of the following cash flow stream is $15,000 when discounted at 12 percent annually. What is the value

11) The present value (t = 0) of the following cash flow stream is $15,000 when discounted at 12 percent annually. What is the value of the missing t = 2 cash flow?

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Please show calculator or excel steps. (Identify N, I/Y, PV, PMT, and FV)

1 2 3 4 + 1 + PV = $15,000 2,000 ? 4,000 4,000

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