Question
The appropriate discount rate for the following cash flows is 13 percent compounded quarterly. Year Cash Flow 1= $900 2 =800 3= 0 4 =1,300
The appropriate discount rate for the following cash flows is 13 percent compounded quarterly.
Year Cash Flow
1= $900
2 =800
3= 0
4 =1,300
Required:
What is the present value of the cash flows?
a. $387.22
b.$2,146.7
c.$2,190.51
d.$2,220.29
e.$2,234.32
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Practical Financial Management
Authors: William R. Lasher
4th Edition
0324260768, 9780324260762
