Multiple Choice
What is the present value of the following cash flow stream at an interest rate of 12.0% per year: $0 at Time 0; $1,500 at the end of Year 1; $3,000 at the end of Year 2; $4,500 at the end of Year 3; and $6,000 at the end of Year 4?
A) $10,209.64
B) $10,746.99
C) $11,284.34
D) $11,848.55
Correct Answer:
Verified
Correct Answer:
Verified
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