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Consider the following cash flows: Year Cash Flow 2 $21,800 3 $39,800 5 $57,800 Assume an interest rate of 8.6 percent per year. If today
Consider the following cash flows:
Year Cash Flow
2 $21,800
3 $39,800
5 $57,800
Assume an interest rate of 8.6 percent per year.
If today is Year 0, what is the future value of the cash flows five years from now?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Future value$________
If today is Year 0, what is the future value of the cash flows ten yearsfrom now?(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Future value$_________
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