Multiple Choice
What is the present value of the following cash flow stream if the interest rate is 6.0% per year: 0 at Time 0; $1,000 at the end of Year 1; and $2,000 at the end of Years 2,3,and 4?
A) $5,986.81
B) $6,286.16
C) $6,600.46
D) $6,930.4
Correct Answer:
Verified
Correct Answer:
Verified
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