Find the equivalent future value of the total amount

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Reference no: EM131263041

From an early investment, Jane can receive $1,000 at the end of the second year, $2,000 at the beginning of the fourth year, $3,000 at the beginning of the fifth year, $4,000 at the end of the fifth year. Draw a cash flow diagram to show Jane's cash flow in this five-year period. Find the equivalent future value (at Year 5) of the total amount Jane will receive over these five years. The interest rate is 6% compounded annually.

Reference no: EM131263041

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