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3 , 1 (3) Determine the future value of the final year if the deposits are made into an account paying annual interest rate of
3 , 1 (3) Determine the future value of the final year if the deposits are made into an account paying annual interest rate of 12%, assuming that no withdraws are made during the period and the deposits are made at the end of each year. FVIFA12%, 2 =2.125V1F12%, 3 =1.405, VIF 12%, 2 = 1.254, FVIF 12%, 1=1.120) Cash flow stream Year A 1,200 2 1,200 3 1,000 1,900 AWN 4
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