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Henry Mueller Supply Co. sells vibration control equipment for wind turbines exposed to harsh environmental factors. Annual cash flows for an 8-year period are
Henry Mueller Supply Co. sells vibration control equipment for wind turbines exposed to harsh environmental factors. Annual cash flows for an 8-year period are shown in the table. Determine the future worth of the cash flows at an interest rate of 15% per year. Year 1 2 3 4 5 6 7 8 Revenue, $1000 Expenses, 175 175 175 175 175 175 175 175 70 70 70 70 70 70 70 $1000 10 70 The future worth of the cash flows is $
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