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The value of the following cash flows four years from today is $7,201.27. The interest rate is 4.3 percent. What is the value of the

The value of the following cash flows four years from today is $7,201.27. The interest rate is 4.3 percent. What is the value of the Year 3 cash flow?

Year Cash Flow
1 $ 1,465
2 $ 1,592
3 $ ?
4 $ 2,565

Multiple Choice

A. $1,094.80

B. $1,190.98

C. $1,295.60

D. $1,242.19

E. $1,190.98

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