Problem

Calculating Future Values. If today is Year 0, what is the future value of the following c...

Calculating Future Values. If today is Year 0, what is the future value of the following cash flows five years from now? What is the future value 10 years from now? Assume an interest rate of 7.8 percent per year.

Year

Cash Flow

2

$21,000

3

39,000

5

57,000

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