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Homework answers / question archive / Suppose you receive the following end-of-year cash bonuses at work: end of year 2: $4,000 end of year 4: $6,000 end of year 6: $10,000 end of year a: $12,000 If you invest your bonuses and eam 9% on your investments, how much will you have at the end of year 122 O 562 106 555
Suppose you receive the following end-of-year cash bonuses at work: end of year 2: $4,000 end of year 4: $6,000 end of year 6: $10,000 end of year a: $12,000 If you invest your bonuses and eam 9% on your investments, how much will you have at the end of year 122 O 562 106 555.135 553202 558.521 564374
Interest Rate | 9% | ||
Year | Cash Flow | Compounding Factor [(1+Interest Rate)^(12-Year)] |
FV of Cash Flow [Cash Flow*Compounding Factor] |
2 | 4000 | 2.367363675 | 9469.454698 |
4 | 6000 | 1.992562642 | 11955.37585 |
6 | 10000 | 1.677100111 | 16771.00111 |
8 | 12000 | 1.41158161 | 16938.97932 |
Net Future Value [Sum of FVs] |
55134.81098 = $55135 |