Given the following cash flows,what is the future value at year six when compounded at an annual interest rate of 8.0%? $$\begin{array} { | c | c | c | c | c | }
\hline \text { Year } & 0 & 2 & 4 & 6 \
\hline \text { Cash Flow } & \$ 9,000 & \$ 7,000 & \$ 5,000 & \$ 11,000 \
\hline
\end{array}$$
A)$38,955.39
B)$40,637.29
C)$42,074.42
D)$50,779.98

Question

Given the following cash flows,what is the future value at year six when compounded at an annual interest rate of 8.0%? $$\begin{array} { | c | c | c | c | c | } 
\hline \text { Year } & 0 & 2 & 4 & 6 \
\hline \text { Cash Flow } & \$ 9,000 & \$ 7,000 & \$ 5,000 & \$ 11,000 \
\hline
\end{array}$$
A)$38,955.39
B)$40,637.29
C)$42,074.42
D)$50,779.98

Quizplus · Accepted Answer

The Answer is B

Given the Following Cash Flows,what Is the Future Value at Year