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John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are expected to be as
John Keene recently invested $2,250 in a project that is promising to return 10 percent per year. The cash flows are expected to be as follows: Year End of Year Cash Flow $570 $538 $589 2 4 5 $526 Note that the cash flow in year 4 is missing. Determine the Year 4 missing cash flow that will make the present value of this series equal to the amount John invested (that is, CFO -2250)
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