Question: Cant figure out this hw question... please explain how you got answer thank you so much!! You plan to deposit the following amounts at the

Cant figure out this hw question... please explain how you got answer thank you so much!! Cant figure out this hw question... please explain how you got answer

You plan to deposit the following amounts at the end of each of the next three years into an account paying an interest rate of 8 percent per year. Year 1 2 3 Cash Flow $8,500 5,000 2,000 Requirement 1: What is the future value of these cash flows at the end of Year 3? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).) Future value

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!