Evaluate the future value of an investment that has the following multiple cash flows: Year Cash Flow 2 $22,100 40,100 3 5 58,100 235 Assume an interest rate of 8.9 percent per year. a. Today is Year O, what is the future value of the cash flows 5years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Today is Year O, what is the future value of the cash flows 10 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value in five years b. Value in ten years
Evaluate the future value of an investment that has the following multiple cash flows: Year Cash Flow 2 $22,100 40,100 3 5 58,100 235 Assume an interest rate of 8.9 percent per year. a. Today is Year O, what is the future value of the cash flows 5years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. Today is Year O, what is the future value of the cash flows 10 years from now? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. Value in five years b. Value in ten years
Financial Management: Theory & Practice
16th Edition
ISBN:9781337909730
Author:Brigham
Publisher:Brigham
Chapter4: Time Value Of Money
Section: Chapter Questions
Problem 12MC: (1) What is the value at the end of Year 3 of the following cash flow stream if the quoted interest...
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