Question: How do I solve this on a BA !! Plus financial calculator? I keep redoing this problem and coming up with the $6,969.98, But all
How do I solve this on a BA !! Plus financial calculator? I keep redoing this problem and coming up with the $6,969.98, But all the answers I see say that $6,406.23 is correct. Please show me step by step how to come up with the right answer on the calculator.
| Myca Corp. has a project with the following cash flows. What is the value of the cash flows today assuming an annual interest rate of 8.8 percent? | |||
| Year | Cash Flow | ||
| 1 | $ | 1,580 | |
| 2 | 1,940 | ||
| 3 | 2,220 | ||
| 4 | 2,230 | ||
| $7,970.00 | |||
| $5,694.43 | |||
| $6,406.23 | |||
| $6,969.98 | |||
| $7,188.11 | |||
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
