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 11.28 percent, compounded annually. How much is this investment worth at the end of year four?
End of year
1. $200
2. $1,014
3. $645
4. $195
Round the answer to two decimal places.
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Fundamentals Of Financial Management
Authors: James C. Van Horne
10th Edition
0138596875, 9780138596873
