#$6-$ A company chooses to make two project investments, with consistent cash flows. The first project will pay out for $5$ years and earns $$1,500,000$ annually. The second is for $6$ years and pays $$75,000$ annually. The interest rate for both is $7\mathrm{.}00\%.$ There is no initial investment required. What is the Future Value of this portfolio?

Payment

I$/$YR $=$

N $=$

Investment #$1$

Investment #$2$

Formula:

$[$:FVA$=PM{T}^{***}\frac{((1+i{)}^N-1)}{i}$