Multiple Choice
What is the value in year 6 of a $1,000 cash flow made in year 2 if interest rates are 5 percent in years 3 and 4, and increase to 6 percent in the remaining years?
A) $1,215.51
B) $1,238.77
C) $2,970.03
D) $2,982.74
Correct Answer:
Verified
Correct Answer:
Verified
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