Question
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows
You have just purchased an investment that generates the cash flows shown below for the next four years. You are able reinvest these cash flows at 13.55 percent, compounded annually. How much is this investment worth at the end of year four?
End of year
- $349
- $1,108
- $279
- $103
Round the answer to two decimal places
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Personal Finance
Authors: Jeff Madura, Hardeep Singh Gill
3rd Canadian Edition
978-0133035575, 133035573, 978-0133970524, 133970523, 978-0134040042
