What is the future value of the cash flows

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Reference no: EM132813688

Question - Consider the following cash flows:

Year

Cash Flow

2

$21,600

3

$39,600

5

$57,600

Assume an interest rate of 8.4% per year.

a. If today is Year 0, what is the future value of the cash flows 5 years from now?

b. If today is Year 0, what is the future value of the cash flows 10 years from now?

Reference no: EM132813688

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