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!!
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
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