Question
Future Value (LG5-1) Compute the future value in year 7 of a $2,500 deposit in year 1, and another $2,000 deposit at the end of
Future Value (LG5-1) Compute the future value in year 7 of a $2,500 deposit in year 1, and another $2,000 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)
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Step: 1
you can calculate the future value in year 7 using the concept of future value of a cash flow series ...
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
