Q2 Table 2 shows cash flow information of business account with rate of return 8% per year. Determine the future value at year 11. Table 2: Cash Flow Information of Business Account Year Cash Inflow, RM per year Cash Outflow, RM per year 5 13,000 13,000 12,000 12,000 12,000 4,000 4 5,000 5.000 4,000 4,000 6. 16,000 Year 7 18,500 8 9. 10 11 Cash Inflow, RM per year Cash Outflow, RM per year 13,200 3,200 3,000 6,000 6,000 8,500
Q2 Table 2 shows cash flow information of business account with rate of return 8% per year. Determine the future value at year 11. Table 2: Cash Flow Information of Business Account Year Cash Inflow, RM per year Cash Outflow, RM per year 5 13,000 13,000 12,000 12,000 12,000 4,000 4 5,000 5.000 4,000 4,000 6. 16,000 Year 7 18,500 8 9. 10 11 Cash Inflow, RM per year Cash Outflow, RM per year 13,200 3,200 3,000 6,000 6,000 8,500
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
ChapterM: Time Value Of Money Module
Section: Chapter Questions
Problem 2MC
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