For an interest rate of 10% compounded annually, evaluate the value of "X" from the cash flows given in table below.
$$\begin{array} { | l | l | l | l | l | l | l | }
\hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \
\hline \text { Cash flows } & - 10,000 + X & 1,600 & 1,700 & 1,800 & 1,900 & 3,500 \
\hline
\end{array}$$
A) $2,316.85
B) $3,295.43
C) $1,064.74
D) $1,102.75

Question

For an interest rate of 10% compounded annually, evaluate the value of "X" from the cash flows given in table below.
$$\begin{array} { | l | l | l | l | l | l | l | } 
\hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 \
\hline \text { Cash flows } & - 10,000 + X & 1,600 & 1,700 & 1,800 & 1,900 & 3,500 \
\hline
\end{array}$$
A) $2,316.85
B) $3,295.43
C) $1,064.74
D) $1,102.75

Quizplus · Accepted Answer

The Answer is A

For an Interest Rate of 10% Compounded Annually, Evaluate the Value