Question
Question 2(1 point) You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest
Question 2(1 point)
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at 5.30 percent, compounded annually. How much is this investment worth at the end of year four?
End of year
- $384
- $805
- $615
- $238
Round the answer to two decimal places.
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Principles of managerial finance
Authors: Lawrence J Gitman, Chad J Zutter
12th edition
9780321524133, 132479540, 321524136, 978-0132479547
