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An investment pays $400 in one year, X amount of dollars in two years, and $500 in three years. The total present value of all
An investment pays $400 in one year, X amount of dollars in two years, and $500 in three years. The total present value of all the cash flows (including X) is equal to $1,500. If the nominal interest rate is 6 percent, what is X? (Show your calculation step by step, it matters and earns points for you.) A) $702.83 B) $822.41 C) $789.70 D) $749.67 E) $600.00
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