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Problem

Answer published by the source. Consult the official source to check your work against its answer.

question

For the 3 payments of $1000 each end-of-year, with 7% rate of return, what is the present value if the first payment is made at the end of fifth year?

category

business

options

  1. 1800.0000
  2. 2500.0000
  3. 2200.5678
  4. 2300.4567
  5. 2600.8910
  6. 2100.9876
  7. 2002.0781
  8. 2700.1234
  9. 1600.3210
  10. 1900.6543

src

theoremQA-Finance

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