What Is the Value on 1/1/14 of the Following Cash

question 17

Multiple Choice

What is the value on 1/1/14 of the following cash flows? Use a 10% discount rate,and round your answer to the nearest $1.00.
Date Cash Received Amount of Cash
1/1/16 $100
1/1/17 $200
1/1/18 $300
1/1/19 $400
1/1/20 $500

• A)$1,500
• B)$880
• C)$968
• D)$1,065

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