Consider the following timeline detailing a stream of cash flows: Date $1000 $2000 2 A. $14,039 B. $5,850 C. $11,699 O D. $18,718 $3000 $4000 ? Cash flow If the current market rate of interest is 8%, then the future value (FV) of this stream of cash flows at the end of year 4 is closest to

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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Consider the following timeline detailing a stream of cash flows:
Date
0
$1000 $2000
2
A. $14,039
OB. $5,850
O C. $11,699
O D. $18,718
$3000
3
$4000
4
?
Cash
flow
If the current market rate of interest is 8%, then the future value (FV) of this stream of cash flows at the end of year 4 is closest to:
Transcribed Image Text:Consider the following timeline detailing a stream of cash flows: Date 0 $1000 $2000 2 A. $14,039 OB. $5,850 O C. $11,699 O D. $18,718 $3000 3 $4000 4 ? Cash flow If the current market rate of interest is 8%, then the future value (FV) of this stream of cash flows at the end of year 4 is closest to:
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