A financial consultant firm has presented you with an investment opportunity that will give you the...

 

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A financial consultant firm has presented you with an investment opportunity that will give you the following stream of cash flows: nothing for the next 2 years; starting at the following year, an amount of $4,000 per year until year 13; and after that year, an amount of $9,000 per year until year 22. If your required rate of return (APR) is 10% compounded annually, what is the future value at the end of year 22 of these cash flows? A financial consultant firm has presented you with an investment opportunity that will give you the following stream of cash flows: nothing for the next 2 years; starting at the following year, an amount of $4,000 per year until year 13; and after that year, an amount of $9,000 per year until year 22. If your required rate of return (APR) is 10% compounded annually, what is the future value at the end of year 22 of these cash flows?

Answer rating: 100% (QA)

To calculate the future value at the end of year 22 for the given stream of cash flows we can use th... View the full answer