On 1 March 2015 you sign a contract that entitle you to receive three future cash flows,
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Question:
On 1 March 2015 you sign a contract that entitle you to receive three future cash flows, one on 1 March 2016 for $5000, one on 1 March 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.
Can you show me the steps and which formula you are using clearly? thanks
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