Multiple Choice
What is the present value of the following cash flow stream,discounted at 6.5% per annum,compounded monthly?
Year 1:
$1000; Year 2:
$1500; Year 3:
$2000; Year 4:
$2500
A) $5844.58
B) $5863.11
C) $5874.79
D) $5986.23
Correct Answer:
Verified
Correct Answer:
Verified
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