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| rev | Admin | (Created page with "The table below shows the cash flows for a particular investment and the prevailing spot rates. {| class="table" ! n !! Cash flow (at end of year n) !! n- year Spot rate |- | 1 || 10 || 4.0% |- | 2 || 12 || 4.5% |- | 3 || 15 || 5.5% |- | 4 || 20 || 7.0% |} Calculate the present value of this investment at the start of year 1. <ul class="mw-excansopts"><li>47.33</li><li>48.64</li><li>49.50</li><li>50.04</li><li>51.14</li></ul> {{soacopyright | 2023 }}") | Nov 20'23 at 1:18 | +458 |