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An investor is promised the following set of annual cash flows if she invests today: YEAR 1 2 3 4 Cash flow $1,000 $1,100 $1,400

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An investor is promised the following set of annual cash flows if she invests today: YEAR 1 2 3 4 Cash flow $1,000 $1,100 $1,400 $2,200 If the investor has a 12% APR, how much can she pay today for this set of cash flows? $4,944 $4,455 $5.101 $4,164 $3,785

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