Multiple Choice
What is the present value of the following set of cash flows at an interest rate of 7%: $1,000 today,$2,000 at end of year 1,$4,000 at end of year 3,and $6,000 at end of year 5?
A) $9,731
B) $10,412
C) $10,524
D) $11,524
Correct Answer:
Verified
Correct Answer:
Verified
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