A construction management company is examining its cash flow requirements for the next few years. The company expects to replace software and in-filed computing equipment at various times. Specifically, the company expects to spend $5000 in 1 year from now, $10000 in 3 years from now, and $14000 each year in years 6 through 10. What is the future worth in year 10 of the planned expenditures, at an interest rate of 14% per year? A) FV 133823.89 B) FV133825.45 C) FV 123824.39 D) FV132824.33
A construction management company is examining its cash flow requirements for the next few years. The company expects to replace software and in-filed computing equipment at various times. Specifically, the company expects to spend $5000 in 1 year from now, $10000 in 3 years from now, and $14000 each year in years 6 through 10. What is the future worth in year 10 of the planned expenditures, at an interest rate of 14% per year? A) FV 133823.89 B) FV133825.45 C) FV 123824.39 D) FV132824.33
MATLAB: An Introduction with Applications
6th Edition
ISBN:9781119256830
Author:Amos Gilat
Publisher:Amos Gilat
Chapter1: Starting With Matlab
Section: Chapter Questions
Problem 1P
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A construction management company is examining its cash flow requirements for the next few years. The company expects to replace software and in-filed computing equipment at various times. Specifically, the company expects to spend $5000 in 1 year from now, $10000 in 3 years from now, and $14000 each year in years 6 through 10.
What is the future worth in year 10 of the planned expenditures, at an interest rate of 14% per year?
A) FV 133823.89
B) FV133825.45
C) FV 123824.39
D) FV132824.33
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