Christie, Incorporated, has identified an investment project with the following cash flows. Year Cash Flow $ 960 1,190 1,410 2,150 a. If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? Note: Do not round intermediate calculations and round your answer to 2 decimal pla b. What is the future value at an interest rate of 12 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal pl c. What is the future value at an interest rate of 23 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal pl 1234

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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Christie, Incorporated, has identified an investment project with the following cash flows.
Year Cash Flow
$ 960
1,190
1,410
2,150
a. If the discount rate is 9 percent, what is the future value of these cash flows in Year 4?
Note: Do not round intermediate calculations and round your answer to 2 decimal pla
b. What is the future value at an interest rate of 12 percent?
Note: Do not round intermediate calculations and round your answer to 2 decimal pl
c. What is the future value at an interest rate of 23 percent?
Note: Do not round intermediate calculations and round your answer to 2 decimal pl
1234
Transcribed Image Text:Christie, Incorporated, has identified an investment project with the following cash flows. Year Cash Flow $ 960 1,190 1,410 2,150 a. If the discount rate is 9 percent, what is the future value of these cash flows in Year 4? Note: Do not round intermediate calculations and round your answer to 2 decimal pla b. What is the future value at an interest rate of 12 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal pl c. What is the future value at an interest rate of 23 percent? Note: Do not round intermediate calculations and round your answer to 2 decimal pl 1234
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