Question
Suppose that certain end-of-year cash flow are expected to be $1,000 for the second year, $2,000 for the third year, and $3,000 for the fourth
| Suppose that certain end-of-year cash flow are expected to be $1,000 for the second year, $2,000 for the third year, and $3,000 for the fourth year and the interest rate is 15%. What is the present equivalent of this cash flow? |
| a. | $6,000 | |
| b. | $4,390 | |
| c. | $3,790 | |
| d. | $3,590 |
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Financial Sustainability In Public Administration Exploring The Concept Of Financial Health
Authors: Manuel Pedro Rodríguez Bolívar
1st Edition
3319579614, 3319579622, 9783319579610, 9783319579627
