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An investment promises the following cash flow stream: $1,000 at Time 0; $2,000 at the end of Year 1 (or at t = 1); $3,000
An investment promises the following cash flow stream: $1,000 at Time 0; $2,000 at the end of Year 1 (or at t = 1); $3,000 at the end of Year 2; and $5,000 at the end of Year 3. At a discount rate of 4.5%, what is the present value of the cash flow stream? Your answer should be between 8343.00 and 11,000.00, rounded to 2 decimal places, with no special characters
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