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Which of the Following Statements Is/are Correct

Question 111

Multiple Choice

Which of the following statements is/are correct?
I. At 6% interest, the present value of: $400 for the first year, $600 for the second year, and $800 for the third year is $1,603.00.
II. The future value of the following mixed cash flow stream (if it is from an annuity due at 6% interest) : $400 for the first year, $600 for the second year, and $800 for the third year is $1,999 (rounded) .


A) I only
B) II only
C) Both I and II
D) Neither I nor II

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