Future value and multiple cash flows

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Future Value and Multiple Cash Flows [LO1]

Fuente, Inc., has identified an investment project with the following cash flows.

Year 1  cash flow $940 

year 2  cash flow 1,170

year 3  cash flow 1,390 

year 4 cash flow  2,130 

a.If the discount rate is 6 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

b.If the discount rate is 14 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)c.If the discount rate is 21 percent, what is the future value of these cash flows in Year 4? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)

Reference no: EM132466427

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