The true cost of lending is the: annual percentage rate. effective annual rate. quoted interest rate. interest rate per period. The future value of multiple cash flows compounded at a positive rate is: higher or lower than the cash flows depending on the interest rate. equal to the sum of all the cash flows. O greater than the sum of the cash flows. less than the sum of the cash flows. Stuart Weddle's father is 55 years old and wants to set up a cash flow stream that would be forever.He would like to receive $17,590 every year, beginning at the end of this year.If he could invest in account earning 6 percent, how much would he have to invest today to receive his perpetual cash flow? (Round to the nearest dollar.) $233,200 $291,667 $293,167 $218,750