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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

Finance

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

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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