Given a series of cash flows in the table below, determine the value of "y". i=6%
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | l | }
\hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\hline \text { Cash flow } & - X & 400 & 500 & - X & 700 & 800 & 900 & 1,000 & 1,100 & 1,200 & 1,300 \
\hline
\end{array}$$
A) $21,025
B) $21,960
C) $23,821
D) $22,507

Question

Given a series of cash flows in the table below, determine the value of "y". i=6%
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | l | } 
\hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\hline \text { Cash flow } & - X & 400 & 500 & - X & 700 & 800 & 900 & 1,000 & 1,100 & 1,200 & 1,300 \
\hline
\end{array}$$
A) $21,025
B) $21,960
C) $23,821
D) $22,507

Quizplus · Accepted Answer

The Answer of Given a series of cash flows in the table below, determine the value of "y". i=6%
$$\begin{array} { | l | l | l | l | l | l | l | l | l | l | l | l | } 
\hline \text { Year } & 0 & 1 & 2 & 3 & 4 & 5 & 6 & 7 & 8 & 9 & 10 \
\hline \text { Cash flow } & - X & 400 & 500 & - X & 700 & 800 & 900 & 1,000 & 1,100 & 1,200 & 1,300 \
\hline
\end{array}$$
A) $21,025
B) $21,960
C) $23,821
D) $22,507

Given a Series of Cash Flows in the Table Below