Question
Suppose you will receive $3,000 three years from today (at the end of the third year) and $5,000 five years from today (at the end
Suppose you will receive $3,000 three years from today (at the end of the third year) and $5,000 five years from today (at the end of the fifth year). What is the future value of this stream of cash flows (at the end of the fifth year) when the interest rate is 10% per year (compounded annually)?
- A. $5,385
- B. $8,499
- C. $8,630
- D. $8,993
- E. $9,279
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Marketplace Lending Financial Analysis And The Future Of Credit Integration Profitability And Risk Management
Authors: Ioannis Akkizidis, Manuel Stagars
1st Edition
1119099161, 978-1119099161
