An investment will pay $353 two years from now, $901 four years from now, and $1,803 five years from now. You are going to reinvest these cash flows at a rate of 8.84 percent per year. What is the future value of this investment at the end of year five?
An investment will pay $353 two years from now, $901 four years from
now, and $1,803 five years from now. You are going to reinvest these cash flows at a rate of 8.84 percent per year. What is the future value of this investment at the end of year five?
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