PV of Multiple Cash Flows: Hassan Ali Has Made an Investment

question 7

Multiple Choice

PV of multiple cash flows: Hassan Ali has made an investment that will pay him $11,455, $16,376, and $19,812 at the end of the next three years. His investment was to fetch him a return of 14 per cent. What is the present value of these cash flows? (Round to the nearest dollar.)

• A) $33,124
• B) $36,022
• C) $41,675
• D) $39,208

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