Consider the following time line: If the current market rate of interest is 8%,then the present value of the cash flows on this timeline is closest to:
A)$1000.
B)$857.
C)$860.
D)$926.

Question

Consider the following time line:  If the current market rate of interest is 8%,then the present value of the cash flows on this timeline is closest to:
A)$1000. 
B)$857. 
C)$860. 
D)$926.

Quizplus · Accepted Answer

The Answer of Consider the following time line:  If the current market rate of interest is 8%,then the present value of the cash flows on this timeline is closest to:
A)$1000. 
B)$857. 
C)$860. 
D)$926.

Consider the Following Time Line: If the Current Market