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Troy will receive $9,486 at the end of Year 2. At the end of the following two years, he will receive $7,971 and $2,238, respectively. What is the future value of these cash flows at the end of Year 6 if the interest rate is 4 percent?
(Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)
Note: It is highly recommended to use Excel (or Google Sheets) or a financial calculator to solve this problem.
Finance is about Gunns Ltd, a company in dealing with forestry products in Australia. The company has also been listed in Australian Stock Exchange. As many companies producing forestry products, even Gunns Ltd is facing various problems. Due to the ..
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