Perry Phillips has an investment that will pay her $2,000 in one year, $2,800, in three years
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Question:
Perry Phillips has an investment that will pay her $2,000 in one year, $2,800, in three years and $2,500 in five years. Her investment typically earn 6.5% per year.
a. What is the future value of the investment's cash flows at the end of 5 years?
b. What is the future value of the investment's cash flows at the end of 8 years if she doesn't receive additional cash flows?
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