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On 1 March 2015 you sign a contract that entitle you to receive three future cash flows, one on 1 March 2016 for $5,000, one
- On 1 March 2015 you sign a contract that entitle you to receive three future cash flows, one on 1 March 2016 for $5,000, one on 1March 2017 for $10,000, the other on 1 September 2018 for $6,000.Assuming that the relevant interest rate is 3% per annum (effective), value the following cash flows on 1 March 2017.
- 20,281.34
- 21,683.48
- 20,889.78
- none of the given answers
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Intermediate Accounting
Authors: Kin Lo, George Fisher
3rd Edition Vol. 1
133865940, 133865943, 978-7300071374
