Multiple Choice
An investment pays $400 in one year,X amount of dollars in two years,and $500 in three years. The total present value of all the cash flows (including X) is equal to $1,500. If i is 6 percent,what is X?
A) $749.67
B) $789.70
C) $600.00
D) $822.41
E) $702.83
Correct Answer:
Verified
Correct Answer:
Verified
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