Calculate the equivalent lump-sum amount 10 years now for the following cash flows: You invest $3,000 today, another $1, 500 one year from now, and still another $5,000 three years from now. You then receive $10,000 six years from now and $15,000 two years after the receipt of $10,000. The nominal rate is 15% per year compounded annually   A. 6614 B.1635 C. 68,041 D. 16,819

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Chapter1: Making Economics Decisions
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Calculate the equivalent lump-sum amount 10 years now for the following cash flows: You invest $3,000 today, another $1, 500 one year from now, and still another $5,000 three years from now. You then receive $10,000 six years from now and $15,000 two years after the receipt of $10,000. The nominal rate is 15% per year compounded annually

 

A. 6614

B.1635

C. 68,041

D. 16,819

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