Question

1. The present value of a cash flow stream is $11,958.20. Using a discount rate of 12% what would be the missing cash flow in year 2?

Year Cash Flow
1 $2,000
2 ???
3 $4,000
4 $4,000

a. $4000 b. $4500 c. $5000 d. $5500 e. $6000

12 years ago