What is the time t=0 value of the cash flow stream in the ta…
What is the time t=0 value of the cash flow stream in the table below if the current interest rate is 5% per year, compounded annually? Note the different cash flow in year 9. Time Cash Flow End of year 1: $400 End of year 2: $400 End of year 3: $400 End of year 4: $400 End of year 5: $400 End of year 6: $400 End of year 7: $400 End of year 8: $400 End of year 9: $100 End of year 10: $400 End of year 11: $400 End of year 12: $400