Question: Hello, please help me understand this fully. Thank u! Score: 0 of 1 pt 1120 X)3.4-20 Consider the following timeline: Date 2 $500 $500 Cash

Hello, please help me understand this fully. Thank u! Score: 0Hello, please help me understand this fully. Thank u!

Score: 0 of 1 pt 1120 X)3.4-20 Consider the following timeline: Date 2 $500 $500 Cash flow If the current market rate of interest is 7%, then the value as of year 1 is closest to: OA. $0 XB. $570 O C. $1000 D $68

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