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Can someone please explain how we got the answer C 77. Lucas will receive $7,100, $8,700, and $12,500 each year starting at the end of
Can someone please explain how we got the answer "C"
77. Lucas will receive $7,100, $8,700, and $12,500 each year starting at the end of year one. What is the future value of these cash flows at the end of year five if the interest rate is 9 percent? $33,41 8 B. $33,90 7 c. $34,27 6 D. $36,41 1 E. $37,25 5
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