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The present value of the following annual cash flows is $9,920.77. The cash flow at t=2 is missing. Using an interest rate of 10%, find
The present value of the following annual cash flows is $9,920.77. The cash flow at t=2 is missing. Using an interest rate of 10%, find the value of the missing cash flow. Annual cash flows: $0 at time 0 and time 1, $4,000 at time 3, and $6,000 at time 4.
$2500 | ||
$2750 | ||
$3000 | ||
$3250 |
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