Question
1- What is the present value of these cash flows? * a. $1,864.9 b. $2,500 c. $ 1,908.5 d. $2,013.3 e. None of the above
1- What is the present value of these cash flows? *
a. $1,864.9 b. $2,500 c. $1,908.5 d. $2,013.3 e. None of the above
2- What is the future value of these cash flows? *
a. $2,500 b. $2,959.3 c. $3,120.9 d. $3,085.4 e. None of the above
3- Assume that instead of saving different cash flows, she saved $500 at the end of each year for the next six years, with a 9% interest rate. What is the present value of these cash flows? *
a. $2,243 b. $2,916 c. $3,008 d. $2,445 e. None of the above
4- Assume that instead of saving different cash flows, she saved $500 at the end of each year for the next six years, with a 9% interest rate. What is the future value of these cash flows? *
a. $2,500 b. $3,762 c. $4,100 d. $3,085 e. None of the above
Part IIIA Maya opened a bank account where she saved $300 at the end of years 1 and 2, $400 at the end of years 3 and 4, $500 at the end of year 5 and $600 at the end of year 6. She was offered 8% interest rate. SOSStep by Step Solution
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