Question
Consider the following timeline detailing a stream of cash flows: Date 0 1 2 3 4 CF ? $100 $100 $200 $2000 CF = Cash
Consider the following timeline detailing a stream of cash flows:
Date 0 1 2 3 4
CF ? $100 $100 $200 $2000
CF = Cash Flow
If the current market rate of interest is 10%, then the present value (PV) of this stream of cash flows is closest to:
a. $736
b. $230
c. $460
d. $552
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Quantum Economics And Finance
Authors: David Orrell
3rd Edition
1916081630, 978-1916081635
