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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
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$989.63
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$1,116.41
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$1,030.20
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$1,162.18
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$1,072.44
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