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You are to receive $1,500 at the end of one year; $1,200 at the end of two years; $1,300 at the end of three years.
- You are to receive $1,500 at the end of one year; $1,200 at the end of two years; $1,300 at the end of three years. If the interest rate is 10%, the present value of these cash flows is:
- $4,000
- 3,332
- $3,306
- $2,878
- $2,987
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Finance For IT Decision Makers
Authors: Michael Blackstaff
3rd Edition
1780171226, 978-1780171227
