Question
What is the present value of a one-time cash flow of $1,000, to be received in 7 years, at a discount rate of 5.4321%, compounded
What is the present value of a one-time cash flow of $1,000, to be received in 7 years, at a discount rate of 5.4321%, compounded annually?
a. $1,448.14
b. $690.54
c. $7,380.25
d. $599.71
e. -$690.54
Using the present value formula. Show work please
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Fundamentals Of Financial Management
Authors: Richard Bulliet, Eugene F Brigham, Brigham/ Houston
11th Edition
1111795207, 9781111795207
