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Relationship between future value and present value: Mixed stream The table below shows a mixed cash flow stream except that the cash flow for year
Relationship between future value and present value: Mixed stream
The table below shows a mixed cash flow stream except that the cash flow for year 3 is missing.
Year 1 $10,000
Year 2 5,000
Year 3
Year 4 20,000
Year 53,000
Suppose that somehow you know that the present value of the entire stream is $32,911.03 and that the discount rate is 4%. What is the amount of the missing cash flow in year 3?
Show your OWN work. Thanks.
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