Question
6.2 - Greg Woomer has an investment that will pay him the following cash flows over the next 5 years: $2350, $2725, $3218, $3366 and
6.2 - Greg Woomer has an investment that will pay him the following cash flows over the next 5 years: $2350, $2725, $3218, $3366 and $3695. If his investments typically earn 7.65%, what is the future value of the investment's cash flows at the end of 5 years?$13 399 113.35
I found this from one of the document and my answer is $18,949.68
Am I correct or wrong?
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Practical Financial Management
Authors: William R. Lasher
8th edition
1305637542, 978-1305887237, 1305887239, 978-1305637542
