need the answer asap Question 9 An investment has the following cash flow series

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need the answer asap

Question 9 An investment has the following cash flow series where interest is 7.0%: End of Year Cash Flow $280 $260 $570 $480 350 End of Year Cash Flow $180 $830 $740 $590 Click here to access the TVM Factor Table Calculator Part a Your answer is incorrect. Try again. 1743.31 Determine the present worth of the series. Round entry to two decimal places. Tolerance is ±1 SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO Attempts: 3 of 3 used Part b Your answer is incorrect. Try again. 2995.33 Determine the future worth of the series at the end of the 8th year Round entry to two decimal places. Tolerance is ±1. SHOW SOLUTION SHOW ANSWER LINK TO TEXT LINK TO VIDEO Attempts: 2 of 3 used SAVE FOR LATER SUBMIT ANSWER

Explanation / Answer

Part a

PW=(280/(1+0.07)^0)+(260/(1+0.07)^1)+(570/(1+0.07)^2)+(-480/(1+0.07)^3)+ (-350/(1+0.07)^4)+(180/(1+0.07)^5)+(830/(1+0.07)^6)+(740/(1+0.07)^7)+(590/(1+0.07)^8) = $1847.64

Part b

FW=(280*(1+0.07)^0)+(260*(1+0.07)^1)+(570*(1+0.07)^2)+(-480*(1+0.07)^3)+ (-350*(1+0.07)^4)+(180*(1+0.07)^5)+(830*(1+0.07)^6)+(740*(1+0.07)^7)+(590*(1+0.07)^8) = $3864.07

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