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Create a user-defined function to calculate the future value of an uneven stream of cash flows assuming an interest rate of 7%. Test your formula

  1. Create a user-defined function to calculate the future value of an uneven stream of cash flows assuming an interest rate of 7%. Test your formula using the following cash flows:

Time

1

2

3

4

5

Cash Flow

$200

$300

$100

$400

$500

  1. Use the ForNext loop in your function, and call the function FVCFA.

Still using a ForNext loop, rewrite your function so that it makes use of Application.WorksheetFunction to calculate the future value with the built-in FV function. Call this function FVCFB.

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