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Determine the future worth of the series at the end of year 8. $

Determine the future worth of the series at the end of year 8. $

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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2.b

An investment has the following cash flow series where interest is 3%: End of Year 01 2 3 4 5 6 7 8 Cash Flow ($) 150 300 450 0 -500 0 600 700 800 Click here to access the TVM Factor Table Calculator Part a Your answer is correct. Determine the present worth of the series. $ Round entry to the nearest dollar. Tolerance is ±4. Part b Determine the future worth of the series at the end of year 8. $ Round entry to the nearest dollar. Tolerance is ±4. Save for Later 2124 Attempts: 2 of 5 used Attempts: 0 of 5 used Submit Answer
Transcribed Image Text:An investment has the following cash flow series where interest is 3%: End of Year 01 2 3 4 5 6 7 8 Cash Flow ($) 150 300 450 0 -500 0 600 700 800 Click here to access the TVM Factor Table Calculator Part a Your answer is correct. Determine the present worth of the series. $ Round entry to the nearest dollar. Tolerance is ±4. Part b Determine the future worth of the series at the end of year 8. $ Round entry to the nearest dollar. Tolerance is ±4. Save for Later 2124 Attempts: 2 of 5 used Attempts: 0 of 5 used Submit Answer
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