Question

What is the value on 1/1/13 of the following cash flows:
Date Cash Received Amount of Cash
1/1/14 $14,000
1/1/15 $20,000
1/1/16 $30,000
1/1/17 $43,000
1/1/18 $57,000

Use a 7% discount rate, and round your answer to the nearest $10.
A) $153,270
B) $128,490
C) $112,350
D) $107,330

Answer

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