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If you could reinvest the cash flow stream of $551, $588, $779, $778, $655, $1,279, $1,596, and $815 at 9.4% interest, how much will
If you could reinvest the cash flow stream of $551, $588, $779, $778, $655, $1,279, $1,596, and $815 at 9.4% interest, how much will you have from this investment in 8 years? (In other words, what is the future value of this stream of cash flows?) Note that the cash flows are not necessarily the same as the previous problem's cash flows. The cash flow stream starts in one year; so, the last cash flow is 8 years from now. Round to the nearest cent. If you were offered an investment that will pay you $16,170 every year forever, and you require an 6.5% return on investments with the same levels of risk, how much are you willing to invest today? Answer and round to the nearest cent.
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