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The present value of the following cash flow stream is $6,885 when discounted at 7 percent annually. Year Cash Flow 1 $ 1,400 2 ?
| The present value of the following cash flow stream is $6,885 when discounted at 7 percent annually. |
| Year | Cash Flow |
|---|---|
| 1 | $ 1,400 |
| 2 | ? |
| 3 | 1,700 |
| 4 | 2,300 |
| What is the value of the missing cash flow? |
Multiple Choice
$2,731.20
$2,842.68
$1,485.00
$2,434.22
$2,786.94
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