Consider the following timeline detailing a stream of cash flows: Date 1 3 4 $100 $200 $300 $400 $500 ? Cash flow If the current market rate of interest is 9%, then the future value (FV) of this stream of cash flows is closest to: LO

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Consider the following timeline detailing a stream of cash flows:
Date
1
2
3
4
$100
$200 $300 $400 $500
?
Cash
flow
If the current market rate of interest is 9%, then the future value (FV) of this stream of cash flows is closest to:
А. $1,845
В. $2,952
C. $1500
O D. $2,214
Transcribed Image Text:Consider the following timeline detailing a stream of cash flows: Date 1 2 3 4 $100 $200 $300 $400 $500 ? Cash flow If the current market rate of interest is 9%, then the future value (FV) of this stream of cash flows is closest to: А. $1,845 В. $2,952 C. $1500 O D. $2,214
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