Question
The present value of the following cash flow stream is $8,050 when discounted at 8.3 percent annually. What is the value of the missing cash
| The present value of the following cash flow stream is $8,050 when discounted at 8.3 percent annually. What is the value of the missing cash flow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Year | Cash Flow | |||||
| 1 | $ | 1,650 | ||||
| 2 | ||||||
| 3 | 2,250 | |||||
| 4 | 2,850 | |||||
Need to find the "cash flow" for year 2
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Short Term Financial Management
Authors: Ned C Hill
1st Edition
0023548207, 978-0023548208
