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-) cal https://www.mathad. testid 136186902&centerwinsyes; Apps YoTab. Broadcas y Home y Twitter, Home -Blackboard Laar. D save veMe Quiz: Chapters 3 and 4 Cameron Sootta Ove This Questioni 1 pt This Test: Time Remaining: 01:06:24 20 pts t of 20 For the following mixed stream of cash flows, deternmine 10%, assuming no withdrawals are made during period. the future value at the end of the final year if deposits are made at the beginning of each year into an account paying ancual interest of Cash Flow Stream Year 16,000 9,400 7,800 Cash Flow Stream Year 16,000 9,400 7,800 Fubare Value (5) (Round so the nearest cent)

Explanation / Answer

CALCULATION OF FUTURE VALUE OF DEPOSITS:

____________________________________________________________________________________-

Year                        Cash flows           Period of deposit (yrs)                 Amount = P(1+r)n                                         

1                              $16,000                       3                                          16,000(1+0.10)3= 21,296

2                                  9,400                       2                                            9,400(1+0.10)2= 11,374

3                                  7,800                       1                                            7,800(1+0.10)1=   8,580

Total Future Value                                                                                                           = $41,250

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