Calculate the future value of the following cash flow if it is invested @ 8% interest p.a. At the end of each year Amount Deposited 2,000 4,000 3 6,000 4 8,000
Calculate the future value of the following cash flow if it is invested @ 8% interest p.a. At the end of each year Amount Deposited 2,000 4,000 3 6,000 4 8,000
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
Section: Chapter Questions
Problem 1PS
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Transcribed Image Text:Illustration 1
Calculate the future value of the following cash flow if it is invested @ 8% interest
p.a.
At the end of each year
Amount Deposited
1
2,000
4,000
3.
6,000
4
8,000
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