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Question 4 At a rate of 2.5%, what is the present value of the following cash flow stream: $0 at Time 0; $1,000 at the

Question 4

At a rate of 2.5%, what is the present value of the following cash flow stream: $0 at Time 0; $1,000 at the end of Year 1; $3,500 at the end of Year 2; $0 at the end of Year 3; and $5,500 at the end of Year 4?

a. $10,203

b. $9,289

c. $10,306

d. $10,358

e. $10,410

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