What is the value in year 9 of a $1,500 cash flow made in year 5...

Question

Question

business finance

Answer 1

Answer #1

We can compute the future value of a given amount as follows

Fv = PV*(1+r)^n

FV = 1500*(1+0.08)^(9-5)

Value of the amount = $2040.73

Answer 2

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