Question
What is the total future value six years from now of $70 received in one year, $275 received in two years and $700 received in
What is the total future value six years from now of $70 received in one year, $275 received in two years and $700 received in six years if the discount rate is 8%? Hint: Use a time line.
| 1. | $1,080.01 | |
| 2. | $1,176.99 | |
| 3. | $1,205.44 | |
| 4. | $1,254.44 | |
| 5. | $1,299.57 |
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Local Public Finance
Authors: René Geissler, Gerhard Hammerschmid, Christian Raffer
1st Edition
3030674681, 978-3030674687
