Question
8. Joe can invest in a 5-year investment that generates the following cash flows. Assuming an 8% required rate of return, calculate the future value
8. Joe can invest in a 5-year investment that generates the following cash flows. Assuming an 8% required rate of return, calculate the future value at the end of year 5. (Enter a positive value and round to 2 decimals)
| Year | CF |
| 1 | 6000 |
| 2 | 5000 |
| 3 | 4000 |
| 4 | 3000 |
| 5 | 2000 |
answer IS NOT $16,583.83
Please show steps through excel, thank you!
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Governance And The Market For Corporate Control
Authors: John L. Teall
1st Edition
0415397863,1317834704
