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Over the next 5 years, the following cash flows will be deposited to an account them per year: Year 1: 1,000 Year 2: 1,200 Year

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Over the next 5 years, the following cash flows will be deposited to an account them per year: Year 1: 1,000 Year 2: 1,200 Year 3: 1,400 Year 4: PPP Year 5: 1,800 How much has to be deposited in Year 4 so that receiving these deporte is equivalent to having $5,000 today? A) $412.62 B) $829.58 C) $1,275.54 D) $1,600.00 E) $1,596.62 inyestment has an APR Of 120/

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