Question
The present value of the following cash flow stream is $4898.18 when discounted at 11% annually. That stream consists of payments made at the end
The present value of the following cash flow stream is $4898.18 when discounted at 11% annually. That stream consists of payments made at the end of each of four periods. One of the payments, the Year 2 cash flow, is missing. The others are $1,000 in Year 1, $2,000 in Year 3, and $2,000 in Year 4. What is the value of the missing cash flow?
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1st Edition
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