number 10

10) The present value of the following cash flow stream is $6,770 when discounted at 12 percent annually. Cash Flow year 1= $850, Cash Flow year 2=?, Cash Flow year 3-$1,150 & Cash Flow year 4 = $1,750. What is the value of the missing cash flow? A) $3,987.99 B) $3,070 C) $4,728.96 D) $5,118.41 E) $4,921.97 11) A loan where the horrower receives money today and renave a sinele lump sum on a future date is called a(n)