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The value of the following cash flows four years from today is $7,050.79. The interest rate is 3.9 percent. What is the value of the

The value of the following cash flows four years from today is $7,050.79. The interest rate is 3.9 percent. What is the value of the Year 3 cash flow?

Year Cash Flow
1 $ 1,450
2 1,572
3 ?
4 2,540

  • $1,187.43

  • $1,233.74

  • $1,099.96

  • $1,142.86

  • $1,058.67

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