$11$ Multiple Choice

$4$ points

Calculate the present value of a $$1,100$ cash flow that will be paid to you at the end of $5$ years $(t=5).$ Assume that the appropriate annual discount rate is $7\%.$

$$806\mathrm{.}82$

$$821\mathrm{.}35$

$$784\mathrm{.}28$

$$ $$747\mathrm{.}26$

$$712\mathrm{.}99$