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The value today of the following cash flows is $6,221.97 at an interest rate of 5.4 percent. What is the value of the Year 3
The value today of the following cash flows is $6,221.97 at an interest rate of 5.4 percent. What is the value of the Year 3 cash flow?
Year | Cash Flow | |||
1 | $ | 1,605 | ||
2 | 1,765 | |||
3 | ? | |||
4 | 2,405 | |||
$769.12 | ||
$1,360.22 | ||
$1,861.43 | ||
$1,339.45 | ||
$1,469.12 |
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