Question: Please show all your work. For each question- Draw the time line, write the formula and show what you plugged into the excel formula to
Please show all your work. For each question- Draw the time line, write the formula and show what you plugged into the excel formula to get the answer.
c. Present value of $5,000 received 4 years from today and $6,000 received 20 years from today if the rate of return is 8% per year.
d. Future value of the cash flows in part (c) above when evaluated 50 years from today at 8% per year.
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
