Question
What is the future value of cash flows 1-5 AT THE END OF YEAR 5 assuming a 6% interest rate compounded annually? End of Year
What is the future value of cash flows 1-5 AT THE END OF YEAR 5 assuming a 6% interest rate compounded annually?
| End of Year | Cash Flow |
| 1 | 2,500 |
| 2 | 3,000 |
| 3 | 1,250 |
| 4 | 3,500 |
| 5 | 1,250 |
| 6 | 4,530 |
| 7 | 2,350 |
Correct Answer: $13,093.74 please show work and financial calculator inputs if possible
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Handbook Of Experimental Finance
Authors: Sascha Füllbrunn, Ernan Haruvy
1st Edition
1800372329, 978-1800372320
