Given, Cash flows
Year | Cash Flow | Years remaining to 5 year from now |
1 | 3215 | 4 |
2 | 4395 | 3 |
3 | 5305 | 2 |
4 | 6520 | 1 |
Value of cash flows at year 5 is
FV = 3215*1.046^4 + 4395*1.046^3 + 5305*1.046^2 + 6520*1.046 = $21502.69
MC algo 6-7 Future Value Of Unequal Cash Flows Assuming an interest rate of 4.6 percent,...
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