Question
The present value of the following cash flow stream is $8,200 when discounted at 8.6 percent annually. What is the value of the missing cash
| The present value of the following cash flow stream is $8,200 when discounted at 8.6 percent annually. What is the value of the missing cash flow? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) |
| Year | Cash Flow | |||||
| 1 | $ | 1,800 | ||||
| 2 | ||||||
| 3 | 2,400 | |||||
| 4 | 3,000 | |||||
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Quantitative Financial Risk Management
Authors: Constantin Zopounidis, Emilios Galariotis
1st Edition
1118738187, 978-1118738184
