Question
Consider the following timeline detailing a stream of cash flows: Date (years) 0 1 2 3 4 Cash Flows $2,000 $3,000 $4,000 $5,000 ? If
Consider the following timeline detailing a stream of cash flows:
| Date (years) | 0 | 1 | 2 | 3 | 4 |
|---|---|---|---|---|---|
| Cash Flows | $2,000 | $3,000 | $4,000 | $5,000 | ? |
If the current market rate of interest is 7%, what is the future value (FV) in dollars of this stream of cash flows? (Round your answer to the nearest cent.)
$
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Finance And Sustainability
Authors: William Sun, Celine Louche, Roland Perez
1st Edition
1780520921, 978-1780520926
