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Value of the missing

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The present value (t = 0) of the following cash flow stream is $5,979.04 when discounted at 12 percent annually. What is the value of the missing (t = 2) cash flow?

Periods |--------|--------|--------|---------| period 0-0 period 1-1,000 period 2-? period 3-2,000 period 4-2,000

A. $2,000

B. $2,391

C. $3,000

D. $3,391

Reference no: EM131015353

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