The future worth in year 8 for the cash flows shown is $38,000. At an interest rate of 7% per year, what is the value, x, of the cash flow in year 4? 0 1 1000 2 1200 3 1400 4 5 1800 The value of x is determined to be $ 16703.02 2000 2200 2400

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
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The future worth in year 8 for the cash flows shown is $38,000. At an interest rate of 7% per year, what is the value, x, of the cash flow
in year 4?
0
4
5
!!!!!!!!
1400
1800
1
1000
2
1200
3
6
2000
The value of x is determined to be $16703.02 *
2200
2400
Transcribed Image Text:The future worth in year 8 for the cash flows shown is $38,000. At an interest rate of 7% per year, what is the value, x, of the cash flow in year 4? 0 4 5 !!!!!!!! 1400 1800 1 1000 2 1200 3 6 2000 The value of x is determined to be $16703.02 * 2200 2400
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