Multiple Choice
If the interest rate is 5% and cash flows are $3,000 at the end of year one and $5,000 at the end of year two, then the present value of these cash flows is
A) $7,392.29.
B) $8,400.34.
C) $4,222.50
D) $400.74.
Correct Answer:
Verified
Correct Answer:
Verified
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