Question
period 0 cashflow period 1 cash flow ?? period 2 cashflow 3053.02 period 3 cashflow 3393.13 the present value of the cash flows above is
period 0 cashflow
period 1 cash flow ??
period 2 cashflow 3053.02
period 3 cashflow 3393.13
the present value of the cash flows above is 11087.09. if the periodic discount rate is 4.5% what is the cash flow at period 1? (answer in 3 decimal places)
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Foundations of Finance The Logic and Practice of Financial Management
Authors: Arthur J. Keown, John D. Martin, J. William Petty
8th edition
132994879, 978-0132994873
