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a.$10,000 received at the end of each year for five years compounded annually at 10%. The future value (FV) for this scenario is 61,051.00 b.$3,000 received at the beginning of each year for eight years compounded annually at 7%. The future value (FV) for this scenario is 32,933.97 c. $15,000 received at the end of the fifth, sixth, seventh, and eighth years at 12%, compounded annually The future value (FV) for this scenario is $ Enter any number in the edit fields and then click Check Answer Clear AN All parts showing
Expert Answer
C) At the end of 5th year, amount received = 15000 which will be compounded till 8th year for arriving at future value
Similarly for all cash flows, future value = 15000 * (1+12%)^3 + 15000 * (1+12%)^2 + 15000 * (1+12%)^1 + 15000 * (1+12%)^0
= 71689.92
