Question: What is the future value at the end of year 4 of the following set of cash flows? Assume an interest rate of 3.5%. Year
What is the future value at the end of year 4 of the following set of cash flows? Assume an interest rate of 3.5%.
Year 1 $5000
Year 2 -$1000
Year 3 $1500
Year 4 $1700
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