Question 13
6.67 pts
4 years ago (in 2019) you received a cash flow of $800 when the interest rate was 6%. You
will receive an additional $240 next year. From 2019-2021 the interest rate was 6%, but in
2021 was increased to 8% where you expect it to stay. What are these cash flows worth
today?
$1,292.74
$1,141.28
$1,345.12
$1,270.68