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Consider the following cash flows: Year Cash Flow $22,600 40,600 58,600 5 Assume an interest rate of 9.4 percent per year. a. If today is
Consider the following cash flows: Year Cash Flow $22,600 40,600 58,600 5 Assume an interest rate of 9.4 percent per year. a. If today is Year O, 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.) b. If today is Year 0, what is the future value of the cash flows ten years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. b. Value in five years Value in ten years
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