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**For the cash flows shown, calculate the present worth in year 0. Assume an interest rate of 20% per year. Year 0 1 2 3

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**For the cash flows shown, calculate the present worth in year 0. Assume an interest rate of 20% per year. Year 0 1 2 3 4 5 6 7 Cash Flow ($) 0 0 0 +650 +650 +650 +650 +650 The present worth in year 0 is equal to: (All the answers listed were calculated based on compound interest factor tables) $1,944 $4,837 $1,350 $1,169

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