Question: HW 3D Question 1 This set of problems is designed to be calculated using the Excel or financial calculator . You can also use algebraic

HW 3D

Question 1

This set of problems is designed to be calculated using the Excel or financial calculator. You can also use algebraic formulas. Do not use financial tables to calculate these problems.

You are given an investment to analyze. The cash flows from this investment are

End of year

$2,409
$5,844
$699
$3,923
$957

What is the future value of this investment at the end of year five if 7.12 percent per year is the appropriate interest (discount) rate?

Round the answer to two decimal places.

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