Consider the following timeline detailing a stream of cash, Finance Basics

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Consider the following timeline detailing a stream of cash

Consider the following timeline detailing a stream of cash flows.

Date
0 1 2 3 4
? $5000 $6000 $7000 $8000
Cash Flow

IF the current market rate of interest is 8%, then the present value of this stream of cash flows is closest to

A. $24,074
B. $22,871
C. $21,211
D. $26,000

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Finance Basics: Consider the following timeline detailing a stream of cash

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Finance Basics: Consider the following timeline detailing a stream of cash

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