Future Value (LG5-1) Compute the future value in year 7 of a $2,500 deposit in year 1, and another $2,000 deposit at the end of year 4 using a 8 percent interest rate. (Do not round intermediate calculations and round your final answer to 2 decimal places.)

Answer rating: 100% (QA)

you can calculate the future value in year 7 using the concept of future value of a cash flow series ... View the full answer