Math question Help Needed

User Generated


Business Finance

Question Description

For the following mixed streams of cash flow, determine the future value at the end of the final year if deposits are made at the beginning of each year into an account paying an annual interest of 8%, assuming no withdrawals are made during the period. Year 1/ $17,000, Year 2/ $8,900, Year 3/ $6,300

Student has agreed that all tutoring, explanations, and answers provided by the tutor will be used to help in the learning process and in accordance with Studypool's honor code & terms of service.

Explanation & Answer

Thank you for the opportunity to help you with your question!

Period Cash Flow Future Value
1 17,000.00 19,939.09
2 8,900.00 9,638.70
3 6,300.00 6,300.00
Total: 35,877.79

Please let me know if you need any clarification. I'm always happy to answer your questions.

Dhnyvglsnfguryc (330)
Boston College

I use Studypool every time I need help studying, and it never disappoints.

Similar Questions
Related Tags