5. For the cash flow shown in the diagram, determine the future worth in 8 years at an interest rate of 10% per year. i = 10% per year 1 2 4 5 7. Year $220 $270 $320 $370 $420 $470 $470

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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5. For the cash flow shown in the diagram, determine the future worth in 8 years at an
interest rate of 10% per year.
i = 10% per year
2
3
4
5
6.
8 Year
+
$220
$270
$320
$370
$420
$470
$470
Transcribed Image Text:5. For the cash flow shown in the diagram, determine the future worth in 8 years at an interest rate of 10% per year. i = 10% per year 2 3 4 5 6. 8 Year + $220 $270 $320 $370 $420 $470 $470
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