For each single cash flow, calculate the future value (FV) given the interest rate (I/Y) and time
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Question:
For each single cash flow, calculate the future value (FV) given the interest rate (I/Y) and time (N). Round to the nearest cent.
Single Cash Flow ($) | Interest Rate (%) | Years | Future Value ($) |
409,000 | 3 | 16 | |
883,000 | 17 | 6 | |
992,000 | 10 | 20 | |
780,000 | 15 | 14 |
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