Question: Problems 6. Determine the future value at the end of June for the following cash flows using a periodic interest rate of 1% compounded monthly.

Problems 6. Determine the future value at the end of June for the following cash flows using a periodic interest rate of 1% compounded monthly. These cash flows occur at the end of the respective months.
i = 1% compounded monthly
MONTH December January February March April May June
Periods 6 5 4 3 2 1
Amounts $15,000 $22,000 $28,000 $35,000 $30,000 $15,000
FV
Total FV

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