Question: Problem 5-54 Calculating Future Values [LO 1 Consider the following cash flows Year Cash Flow! S 15,000 24,000 33,000 Assume an interest rate of 6.9
Problem 5-54 Calculating Future Values [LO 1 Consider the following cash flows Year Cash Flow! S 15,000 24,000 33,000 Assume an interest rate of 6.9 percent per year. Requirement 1: If today is Year 0, what is the future value of the cash flows five years from now? (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 If today is Year 0, what is the future value of the cash flows ten years from now? (Enter rounded answer but do not use rounded numbers in intermediate calculations. Round your answer to 2 decimal places (e.g.. 32.16).) Future value References eBook & Resources Worksheet Difficulty: 2 Intermediate Problem 5-54 Calculating Future Values [LO 1] Learning Objective: 05-01 Determine the futue value of investments with multiple cash flows
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