Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years.If the investment earns interest at the rate of 16% compounded quarterly,then each cash flow is
A) $916.40.
B) $1527.52.
C) $1716.40.
D) $1917.39.
E) $2341.23.

Question

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The Answer of Suppose a person invests $20,000 in a business venture that guarantees the same cash flow at the end of every quarter for four years.If the investment earns interest at the rate of 16% compounded quarterly,then each cash flow is
A) $916.40.
B) $1527.52.
C) $1716.40.
D) $1917.39.
E) $2341.23.

Suppose a Person Invests $20,000 in a Business Venture That