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The value of the following cash flows four years from today is $7,122.91. The interest rate is 4.1 percent. What is the value of the

The value of the following cash flows four years from today is $7,122.91. The interest rate is 4.1 percent. What is the value of the Year 3 cash flow?

Year Cash Flow
1 $ 1,480
2 1,612
3 ?
4 2,590

Multiple Choice

  • $989.63

  • $1,116.41

  • $1,030.20

  • $1,162.18

  • $1,072.44

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