Question
The present value of the following cash flow stream is $5,933.86 when discounted at 2 percent annually. What is the value of the missing cash
The present value of the following cash flow stream is $5,933.86 when discounted at 2 percent annually. What is the value of the missing cash flow?
Year 1: $1,500
Year 2: ?
Year 3: $1,750
Year 4: $1,250
| 1,725.89 | ||
| 1,658.87 | ||
| -1,300 | ||
| 5,933.33 | ||
| - 2,058.78 |
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Focus On Personal Finance
Authors: Jack Kapoor, Les Dlabay, Robert J. Hughes, Melissa Hart
7th Edition
1265521972, 978-1265521974
