Trigen Corp. management will invest cash flows of $213,159, $476,923, $1,335,105

Question

Trigen Corp. management will invest cash flows of $213,159, $476,923, $1,335,105, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 5.85 percent, what is the future value of these investment cash flows six years from today? (Round answer to 2 decimal places, e.g. 15.25.)

Future value    $

Trigen Corp. management will invest cash flows of $213,159, $476,923, $1,335,105, $818,400, $1,239,644, and $1,617,848 in research and development over the next six years. If the appropriate interest rate is 5.85 percent, what is the future value of these investment cash flows six years from today?

Explanation / Answer

Future Value = 213,159*(1+.0585)^5 + 476,923*(1+.0585)^4 + 1,335,105*(1+.0585)^3 + $818,400*(1+.0585)^2 + 1,239,644*(1+.0585)^1 + 1,617,848 = $6,312,300.76

$6312300.76

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.