Question
For the following mixed stream of cashflows, determine the future value at the end of the final year if deposits are made at the beginning
For the following mixed stream of cashflows, 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 9%, assuming no withdrawals are made during the period.
Year Cash Flow Stream
1 19,000
2 8,600
3 6,200
(Why are you stating that the question seems incomplete? That is the question.)
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
