Solve the following For the cash flows shown, calculate the future worth in year 9.00 at /= 11.00% per year. (Round the final answer to three decimalplaces.)Year01234567Cash flow, $ 5005005000800800800800The future worth is calculated to be $

To calculate the future worth in year 9 at an interest rate of 11% per year, we need to find the…

Answered: For the cash flows shown, calculate the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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For the cash flows shown, calculate the future worth in year 9.00 at /= 11.00% per year. (Round the final answer to three decimal places.) Year 0 1 2 3 4 5 6 7 Cash flow, $ 500 500 500 0 800 800 800 800 The future worth is calculated to be $