What Is the Present Value of the Following Payment Stream,discounted

question 9

Multiple Choice

What is the present value of the following payment stream,discounted at 8% annually: $1,000 at the end of year 1,$2,000 at the end of year 2,and $3,000 at the end of year 3?

• A) $5,022.11
• B) $5,144.03
• C) $5,423.87
• D) $5,520.00

---

Definitions:

Static Final

A combination of keywords in Java to define constants - immutable variables that are class-level and shared by all instances.

Block Comment

A section of code commented out in a program, meant for documentation or to disable code, typically spanning multiple lines.

Javadoc

A documentation generator for Java, useful for creating comprehensive API documentation from comments in the source code.

Logic Error

Mistakes in a program's source code that result in incorrect or unexpected behavior, but do not necessarily cause program termination.