Question
A stream of cash flows that pays $800 at the end of year 1, $1,200 at the end of year 2, and $2,300 at the
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A stream of cash flows that pays $800 at the end of year 1, $1,200 at the end of year 2, and $2,300 at the end of year 3. If the cash flows are compounded at 6% annually. The value of this payment stream at year 3 is:
A. $4,470.88 B. $4,144.03 C. $4,423.87 D. $4,520.00
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Financial Management Theory And Practice
Authors: Prasanna Chandra
8th Edition
0071078401, 978-0071078405
