An investment will pay $387 two years from now, $884 four years from now, and $1,684 five
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Question:
An investment will pay $387 two years from now, $884 four years from now, and $1,684 five years from now. You are going to reinvest these cash flows at a rate of 7.60 percent per year. What is the future value of this investment at the end of year five?
Expert Answer:
Calculated the present value of each cash flow Present value of year 2 cash ... View the full answer
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