What is the future value at an interest rate

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Reference no: EM133130421

Question - Wells, Inc., has identified an investment project with the following cash flows.

Year

Cash Flow

1

$1,040

2

1,270

3

1,490

4

2,230

Required -

a. If the discount rate is 9 percent, what is the future value of these cash flows in Year 4?

b. What is the future value at an interest rate of 12 percent?

c. What is the future value at an interest rate of 23 percent?

Reference no: EM133130421

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