Question
(1) What is the future value of the following cash flows in year 5 with an interest rate of 6%? Year Cash Flow 1 $200
(1) What is the future value of the following cash flows in year 5 with an interest rate of 6%?
Year Cash Flow 1 $200 2 $400 3 $600 4 $800 5 $1000
(2) Your current investment will mature in 2 years for $30,000, at which time you will reinvest the funds for 10 more years at 7% per year. What will be the value of your investment at the end of the 12th year?
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Capital As Power
Authors: Jonathan Nitzan, Shimshon Bichler
1st Edition
0415496802, 978-0415496803
