If interest is 7% compounded annually, calculate the present value of four year cash flows of $10,000 in year 1; $20,000 in year 2; $30,000 in year 3 and $40,000 in year 4. Multiple Choice $82,819.31 $83,819.31 $84,819.31 $81,819.31 $80,819.31 Show all the steps and calculations if necessary
If interest is 7% compounded annually, calculate the present value of four year cash flows of $10,000 in year 1; $20,000 in year 2; $30,000 in year 3 and $40,000 in year 4. Multiple Choice $82,819.31 $83,819.31 $84,819.31 $81,819.31 $80,819.31 Show all the steps and calculations if necessary
Chapter1: Understanding Personal Finance
Section1.4: Perform Time Value Of Money Calculations
Problem 3CC
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If interest is 7% compounded annually, calculate the present value of four year cash flows of $10,000 in year 1; $20,000 in year 2; $30,000 in year 3 and $40,000 in year 4.
Multiple Choice
Show all the steps and calculations if necessary
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