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Consider the cash flows presented in the table below. What is the value of the cash flows in year 4 if the interest rate is 6.3 percent compounded annually? rate=6.3% Year 1 2 3 4 FV(rate,nper,pmt,pv,type) Cash Flow 16,000 17,500 23,000 15,000 Future value Formula

Consider the cash flows presented in the table below. What is the value of the cash flows in year 4 if the interest rate is 6.3 percent compounded annually? rate=6.3% Year 1 2 3 4 FV(rate,nper,pmt,pv,type) Cash Flow 16,000 17,500 23,000 15,000 Future value Formula

Essentials Of Investments
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
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1 2 B 4 5 A B Consider the cash flows presented in the table below. What is the value of the cash flows in year 4 if the interest rate is 6.3 percent compounded annually? 5 6 Year 1 2 3 4 8 9 .0 1 rate=6.3% 2 FV(rate,nper,pmt,pv,type) 3 Cash Flow 16,000 17,500 23,000 15,000 Future value Formula $
Transcribed Image Text:1 2 B 4 5 A B Consider the cash flows presented in the table below. What is the value of the cash flows in year 4 if the interest rate is 6.3 percent compounded annually? 5 6 Year 1 2 3 4 8 9 .0 1 rate=6.3% 2 FV(rate,nper,pmt,pv,type) 3 Cash Flow 16,000 17,500 23,000 15,000 Future value Formula $
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