Question
Assume the appropriate discount rate for the following cash flows is 10.49 percent per year. Year Cash Flow 1 $2,500 2 2,900 3 5,100 4
| Assume the appropriate discount rate for the following cash flows is 10.49 percent per year. |
| Year | Cash Flow |
| 1 | $2,500 |
| 2 | 2,900 |
| 3 | 5,100 |
| 4 | 5,700 |
| Required: |
| What is the present value of the cash flows? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)
|
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Standards Of Value
Authors: Jay E. Fishman, Shannon P. Pratt, William J. Morrison
2nd Edition
1118138538, 978-1118138533
