Question
An investment will pay $387 two years from now, $884 four years from now, and $1,684 five years from now. You are going to reinvest
An investment will pay $387 two years from now, $884 four years from now, and $1,684 five years from now. You are going to reinvest these cash flows at a rate of 7.60 percent per year. What is the future value of this investment at the end of year five?
Step by Step Solution
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Step: 1
Calculated the present value of each cash flow Present value of year 2 cash ...
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Financial statements
Authors: Stephen Barrad
5th Edition
978-007802531, 9780324186383, 032418638X
