Question: please explain! not sure what to do about the 0 at year 5 Use this 10-year time line below to answer the following question: 0

please explain! not sure what to do about the 0 at year 5 please explain! not sure what to do about the 0 at year

Use this 10-year time line below to answer the following question: 0 1 2 3 4 9 10 + $0 + $10 + $10 8 + $10 $10 $10 $10 $10 $10 $10 15. What comes closest to the present value of these cash flows if the interest rate is 2%? A. $81.45 B. $80.77 C. $76.68 D. $72.89 E. $69.38

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!