Consider the following timeline detailing a stream of cash flows: If the current market rate of interest is 8%,then the present value of this stream of cash flows is closest to:
A)$22,871.
B)$21,211.
C)$24,074.
D)$26,000.

Question

Consider the following timeline detailing a stream of cash flows:  If the current market rate of interest is 8%,then the present value of this stream of cash flows is closest to:
A)$22,871. 
B)$21,211. 
C)$24,074. 
D)$26,000.

Quizplus · Accepted Answer

The Answer of Consider the following timeline detailing a stream of cash flows:  If the current market rate of interest is 8%,then the present value of this stream of cash flows is closest to:
A)$22,871. 
B)$21,211. 
C)$24,074. 
D)$26,000.

Consider the Following Timeline Detailing a Stream of Cash Flows