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  3. 1. calculate the value of the cash flows at time 6

1. Calculate the value of the cash flows at time 6. The interest rate is...

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Accounting

1.

Calculate the value of the cash flows at time 6. The interest rate is 10.04%.

0 1 2
$1,055 $2,408 $3,350

2. Suppose that 2 years ago you bought an old record player at a yard sale for $3. You saw today on E-bay that the same record player is selling for $67. If you were to sell the record play at that price today, what would be the implied return percentage? (Convert to a percent. Round to 2 decimal places.

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