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) $702.83
B) $822.41
C) $789.70
D) $749.67
E) $600.00
Correct Answer:
Verified
Correct Answer:
Verified
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