Find the future value in 7 years of the following cash flows: 4,000 in 2 years and

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Find the future value in 7 years of the following cash flows: 4,000 in 2 years and 7,000 in 4 years. The interest rate is 7.9% p.a. compounded monthly for the first 5 years and 5.5% p.a. compounded half-yearly thereafter.

Related Book For answer-question

Income Tax Fundamentals 2013

ISBN: 9781285586618

31st Edition

Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill

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Posted Date: May 13, 2024 04:14 AM

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Find the future value in 7 years of the following cash flows: 4,000 in 2 years and

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Expert Answer:

To find the future value of the cash flows we can calculate the future value of each cash flow separ... View the full answer

Income Tax Fundamentals 2013

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