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
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
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