Question
Havana, Inc., has identified an investment project with the following cash flows. Year Cash Flow 1 $ 1,070 2 1,300 3 1,520 4 2,260 Requirement
Havana, Inc., has identified an investment project with the following cash flows.
Year | Cash Flow | |||
1 | $ | 1,070 | ||
2 | 1,300 | |||
3 | 1,520 | |||
4 | 2,260 | |||
Requirement 1: |
If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
Requirement 2: |
What is the future value at an interest rate of 11 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
Future value | $ |
Requirement 3: |
What is the future value at an interest rate of 24 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) |
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