Question: Chapter 5 Problems Saved 7. Wells, Inc., has identified an investment project with the following cash flows. Year Cash Flow $ 950 2 1,180 3
Chapter 5 Problems Saved 7. Wells, Inc., has identified an investment project with the following cash flows. Year Cash Flow $ 950 2 1,180 3 1,400 2.140 1 1 4 points Book a. If the discount rate is 8 percent, what is the future value of these cash flows in Year 4? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. What is the future value at an Interest rate of 11 percent? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. What is the future value at an interest rate of 24 percent? (Do not round Intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) Prire References Future value at 8 percent b. Future value at 11 percent c. Future value at 24 percent
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