Question
Assuming an interest rate of 5.2 percent, what is the value of the following cash flows four years from today? (HINT: You need to calculate
Assuming an interest rate of 5.2 percent, what is the value of the following cash flows four years from today? (HINT: You need to calculate the FV of the Cash Flows)
| Year | Cash Flow | |||
| 1 | $ | 2,950 | ||
| 2 | 4,000 | |||
| 3 | 5,835 | |||
| 4 | 7,915 | |||
Multiple Choice
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$22,811.44
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$21,914.78
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$22,326.36
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$21,038.19
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$23,296.51
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Personal Finance
Authors: Jack Kapoor
12th Edition
125996776X, 9781259967764
