Canvas l Exam Jul 7 at 1120pm z Instructions the best respon

Canvas l Exam Jul 7 at 11:20pm z Instructions the best response to each question. 1 p Question 25 You are to receive $500 in 5 years; $650 in 7 years and $1,000 in 10 years. What is the present value of these cas flows assuming a discount rate of 4.5%? O $1.384 $2,150 $3,061 o $1.523 Next Quiz saved at 12:18am Submit

Solution

Present Value             1,522.79 Dear Student Thank you for using Chegg Please find below the answer Statementshowing Computations Time PVF at 4.5% Amount PV                                                              5.00                 0.8025                 500.00                 401.23                                                              7.00                 0.7348                 650.00                 477.64                                                           10.00                 0.6439             1,000.00                 643.93 Present Value             1,522.79 Time PVF at 4.5%                                                              1.00                 0.9569                                                              2.00                 0.9157                                                              3.00                 0.8763                                                              4.00                 0.8386                                                              5.00                 0.8025                                                              6.00                 0.7679                                                              7.00                 0.7348                                                              8.00                 0.7032                                                              9.00                 0.6729                                                           10.00                 0.6439