Problem 5-3 Future Value and Multiple Cash Flows [LO1]

Havana, Inc., has identified an investment project with the following cash flows.

Year	Cash Flow
1		$	1,090
2			1,320
3			1,540
4			2,280

Requirement 1:

If the discount rate is 7 percent, what is the future value of these cash flows in Year 4? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Future value

$

Requirement 2:

What is the future value at an interest rate of 13 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Future value

$

Requirement 3:

What is the future value at an interest rate of 22 percent? (Enter rounded answer as directed, but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g., 32.16).)

Future value

$