Question
What is the present value of the following cash-flow stream if the interest rate is 6%? (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 6%? (Do not round intermediate calculations. Round your answer to two decimal places.)
| YEAR | CASH FLOW |
| 1 | $120 |
| 2 | 320 |
| 3 | 220 |
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ISE Financial Markets And Institutions
Authors: Anthony Saunders, Marcia Cornett, Otgo Erhemjamts
8th International Edition
1265561435, 9781265561437
