You will receive the following amounts at the beginning of each of the following 3 years...

Question

Question

You will receive the following amounts at the beginning of each of the following 3 years which will earn 10% per annum compounded annually.

Year 1 $1000

Year 2 $2000

Year 3 $1000

What is the combined present value of these cash flows at the beginning of year 1, rounded to the nearest dollar?

Answer 1

Answer #1

Answer 2

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