Suppose you will receive $2,000 two years from today (at the end of the second year) and $3,000 five years from today (at the end of the fifth year). What is the present value of this stream of cash flows when the interest rate is 6% per year (compounded annually)?
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Ответ:
$4,021.77
Explanation:
To solve this question find the present value of each cashflow then sum them up.
PV of 2,000 received at year 2;
Using a financial calculator, input the following;
FV = 2,000
I = 6%
N = 2
PMT = 0
then compute present value; CPT PV = $1,779.99
Next, PV of 3,000 received at year 5;
Using a financial calculator, input the following;
FV = 3,000
I = 6%
N = 5
PMT = 0
then compute present value; CPT PV = $2,241.78
Then sum up the two PVs = $1,779.99 +$2,241.78 = $4,021.77
Ответ:
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