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7) If you are paid $1,000 at the end of each year for the next five years, what type of cash flow did you receive?
7) If you are paid $1,000 at the end of each year for the next five years, what type of cash flow did you receive? A) An annuity due B) A perpetuity C) Uneven cash flow stream D) An annuity 8) 8) What is the present value of a $1,000 per year annuity for five years at an interest rate of 12 percent? A) $3,604.78 B) $2,743.28 C) $567.43 D) $6,352.85
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