Question
For the following mixed stream of cash flows, determine the future value at the end of the final year if deposits are made at the
For the following mixed stream of cash flows, determine the future value at the end of the final year if deposits are made at the beginning of each year into an account paying annual interest of 10%, assuming no withdrawals are made during the period.
| Year | Cash Flow Stream |
|
| 1 | 14,000 | |
| 2 | 9,000 | |
| 3 | 7,400 |
| Future Value ($)=___ |
| (Round to the nearest cent.) |
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Finance For IT Decision Makers
Authors: Michael Blackstaff
1st Edition
3540762329, 978-3540762324
