Which of the following statements is correct? a. The higher the interest rate, the lower the…

b. All the answers are correct.

c. The higher the discount rate, the lower the present value of a future cash flow.

d. The process of converting the initial amount into a future value is called discounting.

e. The present value in three years of $5,000 invested today at a rate of 10 percent is $6,655.

Question 20 1 pts

At a rate of 0.11, what is the future value of the following cash flow stream? CF1 = $48,000; CF2 = $52,000; CF3 = $41,000; and CF4 = $48.000.

$427.742

none of the answers is correct

$392,733

$107,688

$223,225