0 1 2 3 $600 $1,200 $1,800 At an annual interest rate of 7%, the present value of this timeline in year 0 is closest to:

Total PV= $3,078.22

Explanation:

Giving the following information:

Cash flows:

Cf1= $600

Cf2= $1,200

Cf3= $1,800

Interest rate= 7%

To calculate the present value, we need to apply the following formula to each cash flow:

PV= Cf/(1+i)^n

PV1= 600/1.07= 560.75

PV2= 1,200/(1.07^2)= 1,048.13

PV3= 1,800/(1.07^3)= 1,469.34

Total PV= $3,078.22

i would ask my boss to do more things around the car shop. and i would slowly work my way up to working on cars and becoming a full time mechanic.

answer; (b) insider trading;