In: Finance
What was the PV of the following cash flows using interest rate = 6.0%.
Years: 0 1 2 3 4
| | | | |
Cash Flows: $0 $1,000 $2,000 $2,000 $2,000
a. $5,987
b. $6,276
c. $6,505
d. $6,730
Answer : $ 5987
Calculation is given in the below attached image
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