Question
Consider the following cash flows, each occurring at the end of the year indicated: Year Cash Flow 1 $1,500 2 $2,000 3 x 4 -$3,000
Consider the following cash flows, each occurring at the end of the year indicated:
| Year | Cash Flow |
| 1 | $1,500 |
| 2 | $2,000 |
| 3 | x |
| 4 | -$3,000 |
If the present value of all cash flows is $2,070.28, and the required rate of return is 5% per year, what is the value of the missing cash flow x?
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Essentials Of Real Estate Finance
Authors: David Sirota
11th Edition
1419520911, 9781419520914
