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Suppose you expect to receive the following cash flow over the next 5 years: End of Year Cash Flow 1 20,000 2 22,000 3 30,000

Suppose you expect to receive the following cash flow over the next 5 years:

End of Year

Cash Flow

1

20,000

2

22,000

3

30,000

4

24,000

5

36,000

Immediately after receiving these amounts, you will keep 50% of these cash flows for your own expenditure and deposit the remaining amount in a bank. You expect to earn 7% from the bank. Now, calculate how much would you receive at the end of 5 years from the bank? (must show the detailed calculation process. If need, don't use excel, show draft Otherwise, marks will be deducted)

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