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For the cash flows shown below, determine(i)the future value at the end of year 5, using an interest rate of 5% per year, compounded quarterly.

For the cash flows shown below, determine(i)the future value at the end of year 5, using an interest rate of 5% per year, compounded quarterly. Use two different ways to calculate your answer.

Month Cash Flow

0 $5,000

1 - 6 $4,000

7 - 17 $0

18 - 29 $2,000

30 - 48 $1,000

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