Question
For the following mixed stream of cash flows, determine the future value at the end of Year 3. Assume annual interest of 11 % and
For the following mixed stream of cash flows, determine the future value at the end of Year 3. Assume annual interest of 11 % and that no withdrawals are made during the period.
| Year | Cash Flow Stream |
| 0 | 20,000 |
| 1 | 8,600 |
| 2 | 6,200 |
| Year | Cash Flow Stream | |
| 0 | 20,000 | |
| 1 | 8,600 | |
| 2 | 6,200 | |
| Future Value ($)= |
| (Round to the nearest cent.) |
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Chronic Regulatory Focus And Financial Decision Making Asset And Portfolio Allocation
Authors: Navin Kumar
1st Edition
9812876936, 978-9812876935
