Value of a mixed stream For the mixed stream of cash flows shown in the following table.determine the future value at the end of the final year if deposits are made into an account paying annual interest of 14%, assuming that no withdrawals are made during the period and that the deposits are made: a. At the end of each year. b. At the beginning of each year. a. The future value at the end of the final year if deposits are made at the end of each year is $ (Round to the nearest dollar.)

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Year
1
2345
Cash flow stream
$24,000
$20,000
$16,000
$8,000
$4,000
Transcribed Image Text:Year 1 2345 Cash flow stream $24,000 $20,000 $16,000 $8,000 $4,000
Value of a mixed stream For the mixed stream of cash flows shown in the following table, determine the future value at the end of the final year if deposits are made into an account paying annual interest of 14%, assuming that no withdrawals are made during the period
and that the deposits are made:
a. At the end of each year.
b. At the beginning of each year.
a. The future value at the end of the final year if deposits are made at the end of each year is $
(Round to the nearest dollar.)
C
Transcribed Image Text:Value of a mixed stream For the mixed stream of cash flows shown in the following table, determine the future value at the end of the final year if deposits are made into an account paying annual interest of 14%, assuming that no withdrawals are made during the period and that the deposits are made: a. At the end of each year. b. At the beginning of each year. a. The future value at the end of the final year if deposits are made at the end of each year is $ (Round to the nearest dollar.) C
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