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tetleyelmo tetleyelmo
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Posts: 662
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7 years ago
The table shows a series of deposits at different dates into a savings account. If the account pays 10.5% interest (compounded annually), what is their future value at year 6?
Year   Cash Flow
1   $35,000
2   $7,000
3   $13,000
4   $15,000
5   $5,000

A) $109,477.35
B) $99,074.53
C) $75,000.00
D) $107,569.55
E) $97,790.50
Textbook 
Corporate Finance Online

Corporate Finance Online


Edition: 1st
Authors:
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BlimpBlimp
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Posts: 499
7 years ago
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Pol. Sci. Major
Minoring in Business
Columbia University Sophomore

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tetleyelmo Author
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7 years ago
This calls for a celebration Person Raising Both Hands in Celebration
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Smart ... Thanks!
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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