A complex annuity makes the following payments. However, the cash flow in Period 4 is missing. The total present value of all cash flows including the missing cash flow in Period 4 is $674.58. The appropriate discount rate/ period is 10%. Find the missing cash flow. 0 100 2 100 3 100 ??? 5 100 6 100

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
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A complex annuity makes the following payments. However, the cash flow in Period 4 is
missing. The total present value of all cash flows including the missing cash flow in Period 4
is $674.58. The appropriate discount rate / period is 10%. Find the missing cash flow.
0
1
100
2
100
3
100
4
???
5
100
6
100
Transcribed Image Text:A complex annuity makes the following payments. However, the cash flow in Period 4 is missing. The total present value of all cash flows including the missing cash flow in Period 4 is $674.58. The appropriate discount rate / period is 10%. Find the missing cash flow. 0 1 100 2 100 3 100 4 ??? 5 100 6 100
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