Consider the following timeline detailing a stream of cash flows: Date $1000 Cash flow O $14,311 O $11,926 O $5,963 If the current market rate of interest is 9%, then the future value (FV) of this stream of cash flows at the end of year 4 is closest to: $2000 O $19,082 $3000 $4000
Consider the following timeline detailing a stream of cash flows: Date $1000 Cash flow O $14,311 O $11,926 O $5,963 If the current market rate of interest is 9%, then the future value (FV) of this stream of cash flows at the end of year 4 is closest to: $2000 O $19,082 $3000 $4000
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Consider the following timeline detailing a stream of cash flows:
Date
$1000 $2000
Cash
flow
O $14,311
If the current market rate of interest is 9%, then the future value (FV) of this
stream of cash flows at the end of year 4 is closest to:
O $11,926
O $5,963
$3000 $4000
$19,082
?
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