Consider the following project:

Year $($n$)01234$

Undiscounted cash flow $-$$$600,000$ $$200,000$ $$200,000$ $$200,000$ $$200,000$

Calculate the discounted cash flow for years $0-4$ at a discount rate of $11\%.$

Student Answer:

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To be achieved $$

You invest $$100$ in a savings account at an interest rate of $15\%$ compounded annually. What is the value of your investment after five years $($to the nearest cent$)?$

Student Answer: