The following cash flows have a combined present value of $500,000. The applicable discount rate is 7.50%
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Question:
The following cash flows have a combined present value of $500,000. The applicable discount rate is 7.50% compounded annually. What is the value of the missing cash flow in year 3?
Year | Cash Flows |
1 | $108,000 |
2 | $83,000 |
3 | ? |
4 | $147,000 |
5 | $189,000 |
Related Book For
Intermediate Accounting
ISBN: 978-0132162302
1st edition
Authors: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
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