Question: Given the following cash flow, what would be the value of P if the inflows and outflows balance each other at an interest rate of
Given the following cash flow, what would be the value of P if the inflows and outflows balance each other at an interest rate of 4%? Year Inflows Outflows 0 $11,000 1 ($4,500) 2 4P 3 -12P 4 8P 5 6 16P ($17,500) 7 8 24P Group of answer choices $173 $238 $268 $291
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