Question
Consider the following cash flow: Year Cash Flow 2 $ 21,000 3 39,000 5 57,000 Assume an interest rate of 7.8 percent per year. Requirement
Consider the following cash flow: |
Year | Cash Flow | |||
2 | $ | 21,000 | ||
3 | 39,000 | |||
5 | 57,000 | |||
Assume an interest rate of 7.8 percent per year. |
Requirement 1: |
If today is Year 0, what is the future value of the cash flows five years from now? (Do not include the dollar signs ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
Requirement 2: |
If today is Year 0, what is the future value of the cash flows ten years from now? (Do not include the dollar signs ($). Enter rounded answer as directed, but do not use the rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
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