Question
You are given an investment to analyze. The cash flows from this investment are: End of year 1. $2,689 2. $3,037 3. $623 4. $3,628
You are given an investment to analyze. The cash flows from this investment are:
End of year
1. $2,689
2. $3,037
3. $623
4. $3,628
5. $1,254
What is the future value of this investment at the end of year five if 16.16 percent per year is the appropriate interest (discount) rate?
Round the answer to two decimal places.
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Financial Markets and Institutions
Authors: Jeff Madura
11th Edition
1133947875, 9781305143005, 1305143000, 978-1133947875
