Suppose you will receive $6,000 three years from today (at the end of the third year) and $10,000 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 8 % per year (compounded annually)? Select an answer and submit. For keyboard navigation, use the up/down arrow keys to select an answer.

a $8,630 b $16,998 c $17,260 d $17,986 e $18,558

Answer rating: 100% (QA)

Future value Present value1raten FV of 6... View the full answer