Question: Please show work ex: formula, etc. You are given the following cash flow information. The appropriate discount rate is 6 percent for Years 1-4 and
Please show work ex: formula, etc.
You are given the following cash flow information. The appropriate discount rate is 6 percent for Years 1-4 and 7 percent for Years 5-10. Payments are received at the end of each year.
Year Amount
1-4 $45,000
5-10 $30,000
What is the present value of the income stream above?
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