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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 $

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 $

Economics Today and Tomorrow, Student Edition
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter6: Saving And Investing
Section6.1: Why Save?
Problem 6R
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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 $
Transcribed Image Text: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 $
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