Question
What is the value on 1/1/18 on the following cash flows: Rate cash Received Amount of Cash 1/1/19 17,000 1/1/20 15,000 1/1/21 18,000 Use A
What is the value on 1/1/18 on the following cash flows:
Rate cash Received Amount of Cash
1/1/19 17,000
1/1/20 15,000
1/1/21 18,000
Use A 6% discount rate, and round your answer to the nearest $10.
Answer choices:
A.$47,170
B. $53,000
C. $42,330
D. $44,500
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International Financial Management
Authors: Cheol S. Eun, Bruce G.Resnick
6th Edition
71316973, 978-0071316972, 78034655, 978-0078034657
