John keene recently invested 2250 in a project that is, Ask an Expert

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John Keene recently invested $2250 in a project that is promising to return 10 percent per year. the cash flows are expected to be as follows:

Year End of Cash Flow

1 $549

2 $564

3 $503

4 $???

5 $511

Note that the cash flow in year 4 is missing. Determine the Year 4 missing cash flow that will make the present value of this series equal to hte amount John invested ( that is, CFO = -2250)?

Round your answer to 2 decimal places.

Please be correct and show work!

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92712520

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