Question
Booker, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,050 2 1,280 3 1,500 4 2,240 If
Booker, Inc., has identified an investment project with the following cash flows.
Year | Cash Flow | |||
1 | $ | 1,050 | ||
2 | 1,280 | |||
3 | 1,500 | |||
4 | 2,240 | |||
If the discount rate is 7 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ What is the future value at an interest rate of 13 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ What is the future value at an interest rate of 22 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $
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