Question
For each single cash flow, calculate the future value (FV) given the interest rate (I/Y) and time (N). Round to the nearest cent. Single Cash
For each single cash flow, calculate the future value (FV) given the interest rate (I/Y) and time (N). Round to the nearest cent.
Single Cash Flow ($) | Interest Rate (%) | Years | Future Value ($) |
| 409,000 | 3 | 16 | |
| 883,000 | 17 | 6 | |
| 992,000 | 10 | 20 | |
| 780,000 | 15 | 14 |
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Principles of Finance
Authors: Scott Besley, Eugene F. Brigham
6th edition
9781305178045, 1285429648, 1305178041, 978-1285429649
