Author Question: Jennifer presents a business plan to her bank's loan officer that predicts net cash flows for the ... (Read 70 times)

iveyjurea · **on:** Jul 10, 2018

Jennifer presents a business plan to her bank's loan officer that predicts net cash flows for the first three years of 10,000, 15,000, and 8,000 respectively.

If these cash flows occur at the end of each year and the discount rate is 4, what is the total present value of these cash flows? (Round to the nearest whole dollar)
A) 29,397
B) 30,596
C) 35,683
D) 37,993
E) 31,114

Question 2

Accounts receivable is an asset representing sales made on credit.

Indicate whether the statement is true or false