Question
The present value of the following cash flow stream is $11,958.07 when discounted at 12 percent annually. What is the value of the missing year
The present value of the following cash flow stream is $11,958.07 when discounted at 12 percent annually. What is the value of the missing year 2 cash flow?
Year 1: $2,000
Year 2: ?
Year 3: $4,000
Year 4: $4,000
| $5,000 | ||
| $5,500 | ||
| $6,000 | ||
| $6,500 |
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert Hughes, Melissa Hart
6th Edition
125991965X, 978-1259919657
