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Determine the present equivalent value (PW) of the following cash flow when the annual interest rate varies as indicated: Year Cash flows Interest rate

Determine the present equivalent value (PW) of the following cash flow when the annual interest rate varies as indicated: Year Cash flows Interest rate 5% 1,000 (from year 0-1) 2. 1,000 6% 3. (from year 1-4) 4. 3,000 Select one: O a. 4650 O b. 5449 O c. 4250 O d. 5849 O e 5049

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