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You are given the following stream of annual cash flows (year 1 cash flow is at t=1 or exactly one year from today): Year 1

You are given the following stream of annual cash flows (year 1 cash flow is at t=1 or exactly one year from today):

Year 1 = $80,000

Year 2 = $80,000

Year 3 = $90,000

Year 4 = $100,000

Year 5 = $100,000

If you thought the appropriate interest/discount rate was 6%, what would be the future value of this cash flow stream in five years (at t=5 years)? Please Show the Full Work Out process)! (DO NOT USE EXCEL)

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