What Is the Approximate Value of a Future Income Stream

question 183

Multiple Choice

What is the approximate value of a future income stream of three $1,000 payments to be received one, two, and three years from today if the interest rate is 5 percent?

• A)$864
• B)$1,633
• C)$2,723
• D)$5,062

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State of Florida

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Cold War

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