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What is the present value of the following cash-flow stream if the interest rate is 4%? (Do not round intermediate calculations. Round your answer to
What is the present value of the following cash-flow stream if the interest rate is 4%? (Do not round intermediate calculations. Round your answer to 2 decimal places.)
| Year | Cash Flow | ||
| 1 | $ | 300 | |
| 2 | 500 | ||
| 3 | 400 | ||
Present value _________________
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Public Finance Fundamentals
Authors: K. Moeti
3rd Edition
148512946X, 9781485129462
