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URGENT An investment offers the following year-end cash flows: End of Year Cash Flow 1 $25,000 2 $31,000 3 $13,000 Using a 13 percent interest
URGENT
An investment offers the following year-end cash flows:
End of Year | Cash Flow |
1 | $25,000 |
2 | $31,000 |
3 | $13,000 |
Using a 13 percent interest rate, convert this series of irregular cash flows to an equivalent (in present value terms) 3-year annuity. Use Table II and Table IV to answer the question. Round your answer to the nearest dollar.
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