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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Question
Consider a cash flow and interest profile as shown: The worth at the end of Year 3 of these cash flows is: a. $5,000.00 b. $5,504.72 c. $5,994.56 d. $5,440.00
Transcribed Image Text:Year 0 Year 1 Year 2 Year 3
Cash Flow at End of Year -$1,000 $3,000 $2,000 $1,000
Interest Rate During Year
NA
6%
8%
10%
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