Multiple Choice
What is the present value of the following payment stream,discounted at 8% annually: $1,000 at the end of year 1,$2,000 at the end of year 2,and $3,000 at the end of year 3?
A) $5,022.10
B) $5,144.03
C) $5,423.87
D) $5,520.00
Correct Answer:
Verified
Correct Answer:
Verified
Related Questions
Q1: What is the present value of $100
Q2: The present value of an annuity stream
Q4: Converting an annuity to an annuity due
Q5: With a fixed-rate mortgage,the proportion of each
Q6: If the effective annual rate of interest
Q7: What will be the approximate population of
Q8: A stream of equal cash payments lasting
Q9: What is the expected real rate of
Q10: The sum of $3,000 is deposited into
Q11: What is the relationship between an annually