What is the most she should pay for this cash flow stream

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Mary has the opportunity to buy the following cash flows per year beginning next year: 1) $1,000; 2) $1,000; 3) $1,000; 4) $1,000; 5) $1,000; 6) $1,000; 7) $1,000; 8) $1,000; 9) $1,000; 10) $1,000. If she can invest any funds to earn 6.35%, what is the most she should pay for this cash flow stream?

$10,000.00

$ 9,402.91

$ 7,239.56

$ 4,319.35

Reference no: EM13920034

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