Homework Answers
| Future value of cash flow in 5 years | = | Present value * Future value of 1 | Where, | ||||
| = | $ 32,900 | * | 1.46933 | ||||
| = | $ 48,340.96 | ||||||
| Working: | |||||||
| Future value of 1 | = | (1+i)^n | |||||
| = | (1+0.08)^5 | ||||||
| = | 1.46933 | ||||||
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