You are to receive $$4,400,$ $$6,400$ and $$7,700$ at the end of each of the next $3$ years. If the market interest rate is $12\mathrm{.}00\%,$ how much would this payment stream be worth today?

Question $5$ Answer

a$.$

$$15,608$

b$.$

$$14,511$

c$.$

$$13,168$

d$.$

$$18,500$

e$.$

$$16,253$