Question: Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3 and 4 of $1,000 $1,
Given a 5 percent interest rate, compute the year 6 future value of deposits made in years 1, 2, 3 and 4 of $1,000 $1, 400 $1, 400 and $1, 500. In other words what is the future value of these cash flows in year 6? $4, 665.65 $5, 671.12 $5, 843.25 $6, 252.42
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