Question
$7000000 ($7 million) at the end of one year from now; $7000000 at the end of year two; $7000000 at the end of year three;
$7000000 ($7 million) at the end of one year from now; $7000000 at the end of year two; $7000000 at the end of year three; $7000000 at the end of year four; $24000000 at the end of year five. What is the future value of this investment five years from now if the investor earns 12% per year on all funds invested?
Finance
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Financial Management Core Concepts
Authors: Ray Brooks, Raymond Brooks
1st Edition
0321155173, 9780321155177
