Question: Future value with multiple cash flows: Konerko, Inc., expects to earn cash flows of $13,227, $15,611, $18,970, and $19,114 over the next four years. If

Future value with multiple cash flows: Konerko, Inc., expects to earn cash flows of $13,227, $15,611, $18,970, and $19,114 over the next four years. If the company uses an 8 percent discount rate, what is the future value of these cash flows at the end of year 4?

I am a little confused on the calculation for FV for each cashflow. I am assuming that the 1st Cashflow is the $13,227 *1+.08 and 4th cashflow is $19,114* (1+1.08)^4

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