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Given the following cash flows, what is the future value at year six when compounded at an interest rate of 8.0%? Year 0 2 4
Given the following cash flows, what is the future value at year six when compounded at an interest rate of 8.0%?
| Year | 0 | 2 | 4 | 6 |
| Cash Flow | $5,000 | $7,000 | $9,000 | $11,000 |
Select one:
a. $38,955.39
b. $32,000.00
c. $42,074.42
d. $56,687.43
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The Routledge Handbook Of Financial Literacy
Authors: Gianni Nicolini, Brenda J. Cude
1st Edition
0367457776, 978-0367457778
