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What would be the equivalent of the cash flows in the table at year 3 at 10% interest compounded annually? N Amount 2 $16,000 3
What would be the equivalent of the cash flows in the table at year 3 at 10% interest compounded annually?
N | Amount |
2 | $16,000 |
3 | $18,000 |
4 | $23,000 |
5 | $28,000 |
a) | $85,000 | |
b) | $79,650 | |
c) | $75,680 | |
d) | $68,850 |
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