Need business and finance help with the following mixed stream of cash flows

Anonymous
timer Asked: Dec 18th, 2015
account_balance_wallet $5

Question Description

For the following mixed stream of cash flows, determine the future value at the end of the final year if deposits are made at the beginning of the each year into an account paying annual interest of 10%, assuming no withdrawals are made during the period.

Year Cash Flow Stream
1 17,000
2 9,400
3 7,600

Tutor Answer

madhug
School: University of Virginia

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

Year Cash flow Future value Calculated FV
1 17000 17000 *( 1.1^3) 22627
2 9400 9400*1.1^2 11374
3 7600 7600*1.1^1 8360
Total FV 42361

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

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Review

Anonymous
awesome work thanks

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