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Compute what is future value of the investment cash flows

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Problem 1: Gary King has an investment that will pay him the following cash flows over the next five years: $2,300, $2,620, $3,090, $3,310, and $3,640. If his investments typically earn 6.15 percent, what is the future value of the investment's cash flows at the end of five years? (Do not round factor values. Round answer to 2 decimal places, e.g. 12,225.21.)

Reference no: EM132701842

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