Question
The Present Value (value in year 0) of MT Companys cash flows listed below at a compound interest rate of 15% per year is: Year
The Present Value (value in year 0) of MT Companys cash flows listed below at a compound interest rate of 15% per year is:
Year 0 1 2 3 4 5 6 7
Cash Flow ($) 0 0 0 +400 +400 +400 +400 +400
Comments: Before starting calculations, make sure you can see all the cash flows in the table from year 0 to 7. All the answers listed were calculated based on compound interest factor tables.
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Gleim CIA Review Part 2 Practice Of Internal Auditing
Authors: Irvin N. Gleim
2020 Edition
1618542648, 978-1618542649
