Solved

Determine the Value of P from the Cash Flows Shown

Question 13

Multiple Choice

Determine the value of P from the cash flows shown in table below. Interest rate = 10%.
 Year 012345678910 Cash flow X400500X7008009001,0001,1001,2001,300\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | l | } \hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \\\hline \text { Cash flow } & - X & 400 & 500 & - X & 700 & 800 & 900 & 1,000 & 1,100 & 1,200 & 1,300 \\\hline\end{array}


A) $8,102
B) $5,197.5
C) $9,211.2
D) $7,284.9

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions