Business Finance
Math question Help Needed

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

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Final Answer

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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

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