The Present Value of Five Uneven Cash Flows Is $2,145

question 81

Multiple Choice

The present value of five uneven cash flows is $2,145. At a nominal rate of 10% compounded annually, what is the fifth payment if payment one is $500, payment two is $600, and payments three and four are $400?

• A)$245
• B)$1,000
• C)$500
• D)$600

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