Question
Assume that the interest rate is 8.5% per year and you expect to receive the following stream of annual cash flows (The year 0 cash
"Assume that the interest rate is 8.5% per year and you expect to receive the following stream of annual cash flows (The year 0 cash flow occurs today and the year 4 cash flow occurs exactly 4 years from today): (Year 0: $21,100); (Year 1: $32,100); (Year 2: $25,700); (Year 3: $24,250); (Year 4: $33,550); What is the current Present Value (PV0) of the stream of cash flows?"
"$110,728 "
"$118,025 "
"$117,562 "
"$115,711 "
"$136,700 "
"$106,646 "
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