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Use the 10-year time line below to answer the following question: 0 1 2 3 4 5 6 7 8 9 10 $10 $10 $10
Use the 10-year time line below to answer the following question: 0 1 2 3 4 5 6 7 8 9 10 $10 $10 $10 $10 $0 $10 $10 $10 $10 $10 20. What comes closest to the present value of these cash flows if the interest rate is 5%? A. $76.68 B. $72.89 C. $69.38 D. $86.44 E. $80.77
ANSWER IS C how did they get it
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