Answer complete with full steps to get 100% feedback!! (hand calculations)
Must use compound interest table for the values.
Determine the present worth of the given cash flow.
Draw a cash flow diagram and explain your work for an interest rate of 7% per year?
Year Cash Flow
0 0
1 300
2 300+115
3 300+230
4 300+345
5 300+460
6 -500
7 -800