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For the cash flows shown, calculate the future worth in year 13 using i= 13% per year. Year 1 2 5 6 Cash flow,
For the cash flows shown, calculate the future worth in year 13 using i= 13% per year. Year 1 2 5 6 Cash flow, $ 200 200 300 300 0 200 The future worth is calculated to be $ 3 200 4 300
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To calculate the future worth of the given cash flows we need to apply the compound interest formula ...
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Managerial Accounting
Authors: Ray H. Garrison, Eric W. Noreen, Peter C. Brewer
13th Edition
978-0073379616, 73379611, 978-0697789938
