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What is the future value of the following cash flows at the end of year 3 if the interest rate is 5.0%? The cash flows
What is the future value of the following cash flows at the end of year 3 if the interest rate is 5.0%? The cash flows occur at the end of each year. Year 1 Year2 Year 3 $35,000 $39,000 $44,000 $124,666.00 $118,740.00 $132,610.00 $140,240.00 $146,418.00 QUESTION 7 You deposit $9,400 in an account that pays 5.5 percent annual interest, compounded quarterly. What will your deposit grow to in 5 years? $12,352.23 $10,487.36 $11,636.73 $12,582.49 $11,053.78
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