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Year 1 $10,000 Year 2 $5,000 Year 3 Year 4 $20,000 Year 5 $3,000 shows a mixed cash flow stream, except that the cash flow
Year 1 | $10,000 |
Year 2 | $5,000 |
Year 3 | |
Year 4 | $20,000 |
Year 5 | $3,000 |
shows a mixed cash flow stream, except that the cash flow for year 3 is missing. Suppose that somehow you know that the present value of the entire stream is
$32,911.03,and the discount rate is 4%.
What is the amount of the missing cash flow in year 3?
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