Consider the Following Timeline Detailing a Stream of Cash Flows

question 98

Multiple Choice

Consider the following timeline detailing a stream of cash flows:
If the current market rate of interest is 8%,then the present value (PV) of this stream of cash flows is closest to:

• A) $22,871
• B) $21,211
• C) $24,074
• D) $26,000
• E) $19,111