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TJ's City Place Restaurant expects the cash flows below: $5000 at the end of one year from now; $5000 at the end of year two;
TJ's City Place Restaurant expects the cash flows below: $5000 at the end of one year from now; $5000 at the end of year two; $5000 at the end of year three; $7000 at the end of year four; $10000 at the end of year five.
Compute the future value of this investment five years from now if the investor earns 9% per year on all funds invested?
Formatting instructions:
- Answer to the nearest dollar
- #####0
- Do not round intermediary calculations. Use the full precision of your calculator or Excel. Remember this when calculating answers such as (1+r)t. Keep all those digits for your intermediate calculations. Only round the very final answer.
- whole numbers only
- no decimals
- no dollar sign
- no commas
- example: 12345678
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