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4. P6-43 Present and Future Values [LO1] The present value of the following cash flow stream is $6,870 when discounted at 9 percent annually. Year
4.
P6-43 Present and Future Values [LO1]
The present value of the following cash flow stream is $6,870 when discounted at 9 percent annually. |
Year | Cash Flow |
---|---|
1 | $ 1,500 |
2 | ? |
3 | 1,800 |
4 | 2,400 |
What is the value of the missing cash flow? |
Multiple Choice
$2,912.96
$2,855.84
$2,403.70
$2,798.72
$1,170.00
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