Question
Future Value and Multiple Cash Flows [LO 1] Booker, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $
Future Value and Multiple Cash Flows [LO 1] Booker, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,020 2 1,250 3 1,470 4 2,210 If the discount rate is 6 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ What is the future value at an interest rate of 14 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value $ What is the future value at an interest rate of 21 percent? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Future value
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