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The present value of the following cash flow stream is $5,933.86 when discounted at 11 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 11 percent annually. What is the value of the missing cash flow?
| Year | cash flow |
| 1 | $2,000 |
| 2 | ? |
| 3 | 1,750 |
| 4 | 1,250 |
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Corporate Financial Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
15th Edition
978-1337398169
