What is the present value (in S) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)? End of year 1 2 3 Your Answer: Cash flow $540 805 780 Answer

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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What is the present value (in S) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate
(compounded annually)?
End of year
1
2
3
Your Answer:
Answer
Cash flow
$540
805
780
Transcribed Image Text:What is the present value (in S) of cash flows 1-3 at the end of year 3, assuming a 6% interest rate (compounded annually)? End of year 1 2 3 Your Answer: Answer Cash flow $540 805 780
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