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6. Mike receives cash flows of $100 today, $200 in one year, and $100 in two years. The present value of these cash flows is $385.49 at an annual effective rate of interest i (a) Draw a diagram labeling time, cash flows, and present value (b) Write an equation of value for this situation in terms of c) Solve your equation for and then calculate i
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oyr 2yry PV 385.43 DiRant冫@ 3-8 % p.a ) preneul Val.r 385.59 LHS= RHS 200 3854):古385-3

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