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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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