Question: If the interest rate is 5 % per year, what is the PV of a $ 9 9 9 cash flow received in twelve years?

If the interest rate is 5% per year, what is the PV of a $999 cash flow received in twelve years?
Group of answer choices
$278.42
$525.00
$556.28
$476.19
391.76

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!