Answered

Welcome to Westonci.ca, your go-to destination for finding answers to all your questions. Join our expert community today! Experience the ease of finding quick and accurate answers to your questions from professionals on our platform. Discover detailed answers to your questions from a wide network of experts on our comprehensive Q&A platform.

You receive $1000 per year for 10 years beginning 1 year from today and you receive an additional $4000 10 years from today. If the interest rate is 6%, what is the value today of this stream of cash flows?

Sagot :

Answer:

$9594.06

Explanation:

To find the present value of the cash flows given an interest rate of 6%, we need to discount each cash flow to its present value and then sum them up.

Thanks for using our platform. We're always here to provide accurate and up-to-date answers to all your queries. We hope our answers were useful. Return anytime for more information and answers to any other questions you have. Westonci.ca is here to provide the answers you seek. Return often for more expert solutions.