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Consider the following cash flows year 2: 22,300 year 3: 40,300 year 5: 58,300 Assume an interest rate of 9
Consider the following cash flows
year 2: 22,300
year 3: 40,300
year 5: 58,300
| Assume an interest rate of 9.1 percent per year. |
| Requirement 1: | ||
|
If today is Year 0, what is the future value of the cash flows five years from now?
|
Expert Solution
FV=PV(1+i)n
|
year 2: |
22,300 |
28958.7 |
|
year 3: |
40,300 |
47968.32 |
|
year 5: |
58,300 |
58300 |
|
PV of cash flow 5 years from now |
135227 |
|
|
year 2: |
22,300 |
44761.32 |
|
year 3: |
40,300 |
74144.39 |
|
year 5: |
58,300 |
90114.01 |
|
PV of cash flow 10 years from now |
209019.7 |
|
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