Question
Use the following stream of cash flows to answer the questions below. 0 1 2 3 $600 $1,200 $1,800 The interest rate is 7%. (a)
Use the following stream of cash flows to answer the questions below.
0 1 2 3
$600 $1,200 $1,800
The interest rate is 7%.
(a) What is the future value of this stream of cash flows in year 3?
(b) What is the present value? (c) What is the future value at t=2?
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Fundamentals Of Financial Management
Authors: James Van Horne, John Wachowicz
13th Revised Edition
978-0273713630, 273713639
