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How is the answer to this question 2963? FVFA = Present Value of Annuity 1 1 (1 + i) 1 (1+i) i i PVA=CFxPVFA and

How is the answer to this question 2963?

FVFA = Present Value of Annuity 1 1 (1 + i)" 1 (1+i)" i i PVA=CFxPVFA and FVA=CFxFVFA PVFA = What is the value of these cash flows today (t=0)? Assume a 7% interest rate. 800 800 800 800 400 400 400 400 400 t=0 t = 1 t=2 t = 3 t = 4 t = 5 t=6 t = 7 t = 81 t = 9 t = 10 t = 11 cote-ale-2 Answer: 2963

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