Sam, Mary, and David are expecting to receive cash flow stream of $20,000 for five years, starting in three years. If the relevant discount rate for the entire period is 10%. What is the PV of this cash flow stream? Does this stream represent an annuity due or an ordinary annuity?

Answer rating: 100% (QA)

Present Value Calculation The present value PV of the cash flow stream can be calculated using the f... View the full answer