Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The present value (at n=0) of the following cash flow stream is $5,979.04 when discounted at 12% annually. That stream consists of payments made at
The present value (at n=0) of the following cash flow stream is $5,979.04 when discounted at 12% annually. That stream consists of payments made at the end of each of four periods. One of the payments, the second one, is missing. The others are $1,000 at n=1, $2,000 at n=3, and $2,000 at n=4. What is the value of the missing cash flow? Please show using excel.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started