Business Finance
Math question Help Needed

Question Description

What is the future value of the following cash flows in year 5 with an interest rate of 6%?

Year 1 Cash Flow $200, Year 2 Cash Flow $400, Year 3 Cash Flow $600, Year 4 Cash Flow $800, Year 5= $1000

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Final Answer

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future value is calculated by 200[ 1.06]^1+400[1.06]^2+ 600[1.06]^3 +800[1.06]^4+ 1000[1.06]^5


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David M. (442)
UCLA

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