You expect to receive two cash flows: $38,000 paid in 5 years and $57,000 paid in 10
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Question:
You expect to receive two cash flows: $38,000 paid in 5 years and $57,000 paid in 10 years. You'll put the money into a savings account with an annual interest rate of 5%.
What is the future value of the combined cash flows, in 15 years?
Related Book For
Fundamentals of Financial Management
ISBN: 978-1337395250
15th edition
Authors: Eugene F. Brigham, Joel F. Houston
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